Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 196.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,722 shares of the oil and gas company's stock after purchasing an additional 85,237 shares during the quarter. Exxon Mobil comprises about 0.6% of Kingswood Wealth Advisors LLC's portfolio, making the stock its 24th biggest position. Kingswood Wealth Advisors LLC's holdings in Exxon Mobil were worth $15,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Geode Capital Management LLC grew its stake in shares of Exxon Mobil by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $6,936,737,000. Northern Trust Corp raised its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE:XOM traded up $0.97 during trading hours on Friday, reaching $114.16. 8,144,146 shares of the company were exchanged, compared to its average volume of 15,685,979. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a market cap of $491.98 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's 50-day moving average is $106.32 and its 200-day moving average is $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping 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 9.49% and a return on equity of 12.06%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.