Kathmere Capital Management LLC Has $3.22 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Kathmere Capital Management LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,072 shares of the oil and gas company’s stock after acquiring an additional 1,683 shares during the quarter. Kathmere Capital Management LLC’s holdings in Exxon Mobil were worth $3,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $32,000. Cloud Capital Management LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $45,000. Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Finally, Banque de Luxembourg S.A. bought a new stake in Exxon Mobil in the fourth quarter worth approximately $51,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on XOM shares. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler upped their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Stock Up 0.4%

Shares of NYSE:XOM opened at $115.40 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company’s fifty day moving average is $108.01 and its 200-day moving average is $108.79. The company has a market capitalization of $497.33 billion, a PE ratio of 15.31, a P/E/G ratio of 2.22 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.