Kessler Investment Group LLC reduced its stake in Exxon Mobil Co. (NYSE: XOM – Get Rating ) by 57.8% during the first quarter, HoldingsChannel.com reports. The firm owned 52,543 shares of the oil and gas company’s stock after selling 71,925 shares during the period. Exxon Mobil accounts for about 2.5% of Kessler Investment Group LLC’s holdings, making the stock its 17th largest position. Kessler Investment Group LLC’s holdings in Exxon Mobil were worth $4,340,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Guardian Wealth Management Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at $30,000. Horan Securities Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at $31,000. West Bancorporation Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Nvwm LLC grew its position in Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. increased its holdings in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Institutional investors own 54.07% of the company’s shares.
A number of equities analysts recently commented on the stock. Argus boosted their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, June 6th. Barclays boosted their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Finally, Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $125.00 in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $90.48, according to MarketBeat.com .
In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. Disclosure of this sale can be found here. 0.04% of shares are owned by insiders.
Shares of NYSE XOM opened at $87.55 on Monday. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a market cap of $368.81 billion, a PE ratio of 14.52, a P/E/G ratio of 0.36 and a beta of 1.07. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $91.57 and a 200 day moving average of $82.17.
Exxon Mobil (NYSE:XOM – Get Rating ) last announced its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the previous year, the firm reported $0.65 earnings per share. The company’s revenue increased by 53.0% year-on-year. As a group, equities research analysts forecast that Exxon Mobil Co. will report 10.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $0.88 per share. This represents a $3.52 annual dividend and a dividend yield of 4.02%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is 58.37%.
About Exxon Mobil (Get Rating)
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 production, trading, transportation 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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