Exxon Mobil Co. (NYSE:XOM) is KG&L Capital Management LLC’s 7th Largest Position

KG&L Capital Management LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,846 shares of the oil and gas company’s stock after selling 1,032 shares during the quarter. Exxon Mobil accounts for 3.3% of KG&L Capital Management LLC’s portfolio, making the stock its 7th largest position. KG&L Capital Management LLC’s holdings in Exxon Mobil were worth $10,291,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil in the second quarter worth $980,210,000. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Capital International Investors lifted its position in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 3.2 %

Shares of Exxon Mobil stock opened at $118.61 on Tuesday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market cap of $467.68 billion, a P/E ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $117.67 and its 200-day moving average is $116.33.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. Equities research analysts predict that Exxon Mobil Co. will post 8.01 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 45.45%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. UBS Group lowered their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

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.