1,707 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by KFG Wealth Management LLC

KFG Wealth Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,707 shares of the oil and gas company’s stock, valued at approximately $203,000.

Other large investors have also bought and sold shares of the company. Tallon Kerry Patrick bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil in the fourth quarter worth $48,348,000. Rockline Wealth Management LLC grew its stake in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after purchasing an additional 1,498 shares during the period. Verity Asset Management Inc. increased its position in shares of Exxon Mobil by 4.7% during the 4th quarter. Verity Asset Management Inc. now owns 3,588 shares of the oil and gas company’s stock valued at $386,000 after purchasing an additional 161 shares during the last quarter. Finally, Sloy Dahl & Holst LLC raised its stake in shares of Exxon Mobil by 78.1% during the 4th quarter. Sloy Dahl & Holst LLC now owns 7,906 shares of the oil and gas company’s stock worth $850,000 after purchasing an additional 3,468 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

XOM stock opened at $104.29 on Friday. The firm has a 50 day moving average of $105.42 and a 200-day moving average of $109.11. The firm has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

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.