Kestra Investment Management LLC Reduces Position in Exxon Mobil Corporation $XOM

Kestra Investment Management LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 31.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,215 shares of the oil and gas company’s stock after selling 10,873 shares during the quarter. Kestra Investment Management LLC’s holdings in Exxon Mobil were worth $2,610,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Semper Augustus Investments Group LLC grew its holdings in Exxon Mobil by 1.0% in the 2nd quarter. Semper Augustus Investments Group LLC now owns 56,833 shares of the oil and gas company’s stock worth $6,127,000 after acquiring an additional 561 shares during the last quarter. Wellington Capital Management Inc. purchased a new stake in shares of Exxon Mobil during the second quarter worth about $699,000. Second Line Capital LLC boosted its holdings in shares of Exxon Mobil by 2.3% during the second quarter. Second Line Capital LLC now owns 44,485 shares of the oil and gas company’s stock worth $4,795,000 after purchasing an additional 1,020 shares during the period. Rexford Capital Inc. bought a new stake in shares of Exxon Mobil in the second quarter worth about $1,051,000. Finally, National Bank of Canada FI increased its holdings in Exxon Mobil by 62.7% during the 2nd quarter. National Bank of Canada FI now owns 3,103,819 shares of the oil and gas company’s stock valued at $334,593,000 after purchasing an additional 1,196,167 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. Piper Sandler lifted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.24.

Exxon Mobil Stock Down 0.6%

NYSE:XOM opened at $118.77 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm’s 50-day moving average price is $115.60 and its 200-day moving average price is $112.22. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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.