Keel Point LLC Purchases 220 Shares of Exxon Mobil Co. (NYSE:XOM)

Keel Point LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,763 shares of the oil and gas company’s stock after buying an additional 220 shares during the quarter. Keel Point LLC’s holdings in Exxon Mobil were worth $1,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. KB Financial Partners LLC bought a new position in Exxon Mobil in the 1st quarter valued at about $27,000. IMA Wealth Inc. increased its stake in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $43,000. Studio Investment Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $49,000. Finally, Turim 21 Investimentos Ltda. grew its holdings in 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 in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Piper Sandler lowered their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $118.63 on Thursday. The stock has a 50-day moving average price of $110.89 and a two-hundred day moving average price of $106.22. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $469.57 billion, a PE ratio of 13.34, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last posted its 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 business had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period last year, the company earned $3.40 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

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.