Keudell Morrison Wealth Management increased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,189 shares of the oil and gas company's stock after acquiring an additional 5,896 shares during the quarter. Exxon Mobil makes up about 1.2% of Keudell Morrison Wealth Management's holdings, making the stock its 14th biggest position. Keudell Morrison Wealth Management's holdings in Exxon Mobil were worth $4,188,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of XOM. Cookson Peirce & Co. Inc. increased its stake in Exxon Mobil by 16.6% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company's stock valued at $1,140,000 after buying an additional 1,469 shares during the period. St. Louis Trust Co increased its stake in Exxon Mobil by 11.0% in the 4th quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company's stock valued at $3,919,000 after buying an additional 3,507 shares during the period. Kestra Private Wealth Services LLC increased its stake in Exxon Mobil by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company's stock valued at $12,963,000 after buying an additional 5,770 shares during the period. Northstar Asset Management LLC increased its stake in Exxon Mobil by 3.0% in the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company's stock valued at $3,558,000 after buying an additional 925 shares during the period. Finally, TTP Investments Inc. increased its stake in Exxon Mobil by 0.9% in the 4th quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company's stock valued at $2,299,000 after buying an additional 181 shares during the period. 58.59% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, VP Darrin L. Talley sold 2,500 shares of the company's stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company's stock, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.
Exxon Mobil Price Performance
NYSE:XOM opened at $107.25 on Monday. The firm has a market cap of $433.61 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.09. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company's 50-day moving average is $107.10 and its two-hundred day moving average is $109.68. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92.
Exxon Mobil (NYSE:XOM - Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm's quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS. Research analysts expect that Exxon Mobil Co. will post 9.46 EPS for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Monday, May 15th. Exxon Mobil's dividend payout ratio is currently 24.64%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on XOM shares. UBS Group raised shares of Exxon Mobil from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Morgan Stanley upped their price target on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Truist Financial upped their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. HSBC upped their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a "hold" rating in a research note on Thursday, April 20th. Finally, The Goldman Sachs Group cut shares of Exxon Mobil from a "buy" rating to a "neutral" rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.70.
About Exxon Mobil
(Free Report)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.
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