KG&L Capital Management LLC Has $7.82 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

KG&L Capital Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,562 shares of the oil and gas company’s stock after acquiring an additional 818 shares during the period. Exxon Mobil accounts for about 4.4% of KG&L Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. KG&L Capital Management LLC’s holdings in Exxon Mobil were worth $7,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after acquiring an additional 17,521,080 shares in the last quarter. GQG Partners LLC raised its position in shares of Exxon Mobil by 59.9% in the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares in the last quarter. Legal & General Group Plc increased its position in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after buying an additional 3,131,617 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 10.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,436,069 shares of the oil and gas company’s stock valued at $1,750,145,000 after buying an additional 2,016,377 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $109.21 on Friday. The company has a market cap of $449.76 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.11. Exxon Mobil Co. has a 1 year low of $67.07 and a 1 year high of $114.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The stock’s fifty day moving average price is $109.55 and its 200-day moving average price is $98.77.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. Exxon Mobil’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 13.82 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were given a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.33%. Exxon Mobil’s payout ratio is 29.71%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a research report on Tuesday, October 18th. Credit Suisse Group raised their price objective on Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. Exane BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective for the company in a research report on Tuesday, November 1st. StockNews.com began coverage on Exxon Mobil in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, HSBC increased their target price on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.52.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, October 31st. The stock was sold at an average price of $110.47, for a total transaction of $276,175.00. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $2,801,850.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.