Kelly Financial Services LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Kelly Financial Services LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,720 shares of the oil and gas company’s stock after purchasing an additional 116 shares during the period. Kelly Financial Services LLC’s holdings in Exxon Mobil were worth $615,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XOM. Eagle Capital Management LLC boosted its holdings in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Exxon Mobil by 21.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock valued at $1,124,000 after purchasing an additional 1,737 shares during the period. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Commonwealth Financial Services LLC lifted its stake in shares of Exxon Mobil by 4.9% in the 2nd quarter. Commonwealth Financial Services LLC now owns 17,336 shares of the oil and gas company’s stock valued at $1,945,000 after purchasing an additional 809 shares during the period. Finally, Certified Advisory Corp lifted its stake in shares of Exxon Mobil by 20.9% in the 2nd quarter. Certified Advisory Corp now owns 10,418 shares of the oil and gas company’s stock valued at $1,199,000 after purchasing an additional 1,799 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.9 %

Shares of XOM opened at $112.37 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a 50-day moving average price of $112.56 and a 200 day moving average price of $115.51. The firm has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Piper Sandler decreased their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil 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.