Kestra Private Wealth Services LLC Acquires 7,368 Shares of Exxon Mobil Co. (NYSE:XOM)

Kestra Private Wealth Services LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 241,397 shares of the oil and gas company’s stock after purchasing an additional 7,368 shares during the period. Kestra Private Wealth Services LLC’s holdings in Exxon Mobil were worth $25,967,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock valued at $3,422,538,000 after purchasing an additional 949,875 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Down 3.9 %

Shares of XOM opened at $107.37 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $471.90 billion, a P/E ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89. The stock’s 50 day moving average is $109.16 and its two-hundred day moving average is $114.88. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business posted $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.