KPP Advisory Services LLC Increases Stake in Exxon Mobil Corporation $XOM

KPP Advisory Services LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,057 shares of the oil and gas company’s stock after buying an additional 871 shares during the period. Exxon Mobil makes up approximately 0.9% of KPP Advisory Services LLC’s portfolio, making the stock its 27th largest position. KPP Advisory Services LLC’s holdings in Exxon Mobil were worth $3,564,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wedge Capital Management L L P NC boosted its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company’s stock valued at $859,000 after buying an additional 147 shares during the period. GAMMA Investing LLC raised its holdings in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after acquiring an additional 13,582 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Exxon Mobil by 7.1% in the first quarter. SJS Investment Consulting Inc. now owns 8,118 shares of the oil and gas company’s stock worth $966,000 after acquiring an additional 539 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in Exxon Mobil by 41.2% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 89,948 shares of the oil and gas company’s stock worth $10,698,000 after acquiring an additional 26,243 shares in the last quarter. Finally, Curated Wealth Partners LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $367,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.79.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The stock has a market capitalization of $486.35 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.07 and a beta of 0.51. The company has a 50-day simple moving average of $111.28 and a 200-day simple moving average of $109.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

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.