KMG Fiduciary Partners LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

KMG Fiduciary Partners LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 19.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,778 shares of the oil and gas company’s stock after buying an additional 1,947 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Exxon Mobil were worth $1,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Exxon Mobil by 7.2% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,048 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 404 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $1,451,000. Jag Capital Management LLC grew its holdings in Exxon Mobil by 12.5% in the fourth quarter. Jag Capital Management LLC now owns 4,818 shares of the oil and gas company’s stock valued at $295,000 after purchasing an additional 535 shares during the period. IHT Wealth Management LLC grew its holdings in Exxon Mobil by 3.5% in the fourth quarter. IHT Wealth Management LLC now owns 29,816 shares of the oil and gas company’s stock valued at $1,824,000 after purchasing an additional 1,021 shares during the period. Finally, LPL Financial LLC grew its holdings in Exxon Mobil by 6.7% in the fourth quarter. LPL Financial LLC now owns 2,965,564 shares of the oil and gas company’s stock valued at $181,463,000 after purchasing an additional 186,163 shares during the period. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. Piper Sandler lowered their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, September 12th. HSBC lifted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, August 11th. Bank of America lifted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $96.69.

Insider Buying and Selling at Exxon Mobil

In other news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE:XOM opened at $90.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 12-month low of $55.28 and a 12-month high of $105.57. The company has a fifty day simple moving average of $93.05 and a 200 day simple moving average of $89.79. The firm has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.89%. Exxon Mobil’s payout ratio is 38.51%.

Exxon Mobil Profile

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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.

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

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