KCM Investment Advisors LLC Raises Holdings in Exxon Mobil Corporation $XOM

KCM Investment Advisors LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,687 shares of the oil and gas company’s stock after buying an additional 449 shares during the period. KCM Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Journey Strategic Wealth LLC boosted its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Linscomb Wealth Inc. lifted its stake in shares of Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Hartford Funds Management Co LLC boosted its position in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. grew its stake in Exxon Mobil by 23.9% in the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after purchasing an additional 18,752 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 2.3%

Shares of Exxon Mobil stock opened at $117.19 on Friday. The firm’s 50 day simple moving average is $113.45 and its two-hundred day simple moving average is $110.27. The firm has a market capitalization of $499.59 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Monday. Finally, UBS Group increased their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

Exxon Mobil Company 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.