Koss Olinger Consulting LLC Takes $1.05 Million Position in Exxon Mobil Corporation (NYSE:XOM)

Koss Olinger Consulting LLC acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,793 shares of the oil and gas company’s stock, valued at approximately $1,046,000.

Several other institutional investors have also recently modified their holdings of XOM. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Northern Trust Corp boosted its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Exxon Mobil during the 4th quarter valued at about $240,653,000. Massachusetts Financial Services Co. MA boosted its holdings in Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock valued at $2,409,106,000 after acquiring an additional 1,550,248 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Exxon Mobil by 68.3% during the 1st quarter. Federated Hermes Inc. now owns 3,406,119 shares of the oil and gas company’s stock valued at $405,090,000 after acquiring an additional 1,382,760 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.8%

XOM stock opened at $106.79 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $455.27 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The business has a 50 day moving average of $109.89 and a 200 day moving average of $108.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil’s payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil 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.