Exxon Mobil Co. (NYSE:XOM) Shares Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,344 shares of the oil and gas company’s stock after buying an additional 1,654 shares during the quarter. Exxon Mobil makes up 1.2% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 17th largest position. Keudell Morrison Wealth Management’s holdings in Exxon Mobil were worth $4,069,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC lifted its stake in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after purchasing an additional 199 shares in the last quarter. Dupree Financial Group LLC bought a new position in Exxon Mobil in the fourth quarter worth about $378,000. Intact Investment Management Inc. boosted its position in Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares during the period. AJOVista LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $312,000. Finally, Kinsale Capital Group Inc. grew its holdings in Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after buying an additional 9,657 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Barclays decreased their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Trading Down 0.3 %

XOM traded down $0.31 during midday trading on Thursday, hitting $118.64. 8,075,646 shares of the company were exchanged, compared to its average volume of 17,243,570. The firm’s 50 day moving average price is $114.49 and its 200-day moving average price is $113.19. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm has a market capitalization of $467.80 billion, a P/E ratio of 14.59, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is presently 46.57%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.