Koshinski Asset Management Inc. Grows Stock Position in Exxon Mobil Corporation $XOM

Koshinski Asset Management Inc. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,645 shares of the oil and gas company’s stock after purchasing an additional 1,674 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Exxon Mobil were worth $4,921,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Citizens Business Bank raised its stake in shares of Exxon Mobil by 9.5% during the second quarter. Citizens Business Bank now owns 29,339 shares of the oil and gas company’s stock worth $3,163,000 after purchasing an additional 2,544 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $297,000. Curbstone Financial Management Corp grew its holdings in Exxon Mobil by 0.6% during the second quarter. Curbstone Financial Management Corp now owns 41,068 shares of the oil and gas company’s stock worth $4,427,000 after acquiring an additional 230 shares during the period. Ariston Services Group grew its holdings in Exxon Mobil by 25.2% during the second quarter. Ariston Services Group now owns 6,450 shares of the oil and gas company’s stock worth $695,000 after acquiring an additional 1,300 shares during the period. Finally, Arista Wealth Management LLC grew its holdings in Exxon Mobil by 571.8% during the second quarter. Arista Wealth Management LLC now owns 33,767 shares of the oil and gas company’s stock worth $3,640,000 after acquiring an additional 28,741 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.4%

Exxon Mobil stock opened at $112.20 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $478.35 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The stock’s fifty day moving average is $111.83 and its two-hundred day moving average is $109.16.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Wells Fargo & Company initiated coverage on Exxon Mobil in a report on Friday. They set an “overweight” rating and a $156.00 price objective on the stock. UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

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.