Kingswood Wealth Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Kingswood Wealth Advisors LLC grew its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 517.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,807 shares of the oil and gas company’s stock after buying an additional 32,518 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,880,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in XOM. KB Financial Partners LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $27,000. IMA Wealth Inc. grew its stake in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $43,000. Turim 21 Investimentos Ltda. grew its stake in shares of Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.65 on Tuesday. The firm has a 50 day simple moving average of $104.36 and a 200-day simple moving average of $105.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market cap of $454.91 billion, a PE ratio of 12.90, a P/E/G ratio of 4.16 and a beta of 0.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. UBS Group dropped their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Mizuho raised their target price on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Check Out Our Latest Stock Report on XOM

Exxon Mobil Company Profile

(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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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