KFG Wealth Management LLC Takes $203,000 Position in Exxon Mobil Co. (NYSE:XOM)

KFG Wealth Management LLC bought a new position in Exxon Mobil Co. (NYSE:XOM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,707 shares of the oil and gas company’s stock, valued at approximately $203,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $789,000. Union Bancaire Privee UBP SA purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $48,348,000. Rockline Wealth Management LLC grew its position in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Verity Asset Management Inc. raised its stake in shares of Exxon Mobil by 4.7% during the fourth quarter. Verity Asset Management Inc. now owns 3,588 shares of the oil and gas company’s stock worth $386,000 after acquiring an additional 161 shares in the last quarter. Finally, Sloy Dahl & Holst LLC raised its stake in shares of Exxon Mobil by 78.1% during the fourth quarter. Sloy Dahl & Holst LLC now owns 7,906 shares of the oil and gas company’s stock worth $850,000 after acquiring an additional 3,468 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market cap of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49. The business’s 50 day moving average price is $105.42 and its 200-day moving average price is $109.11.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XOM shares. Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Finally, Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $125.50.

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.