Exxon Mobil Corporation $XOM Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC has reduced its holdings in Exxon Mobil by 17.4%, selling 120,071 shares and bringing its total to 569,488 shares worth $67.7 million.
• Despite decreased earnings from last year, Exxon Mobil reported $1.64 EPS for the recent quarter, surpassing analysts' expectations of $1.47.
• The company announced a quarterly dividend of $0.99, yielding 3.6%, with the payment scheduled for September 10th to shareholders of record by August 15th.

Kestra Advisory Services LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 569,488 shares of the oil and gas company's stock after selling 120,071 shares during the quarter. Kestra Advisory Services LLC's holdings in Exxon Mobil were worth $67,729,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. RPG Investment Advisory LLC grew its position in shares of Exxon Mobil by 100.0% during the first quarter. RPG Investment Advisory LLC now owns 7,042 shares of the oil and gas company's stock worth $838,000 after buying an additional 3,521 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of Exxon Mobil by 162.5% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 169,099 shares of the oil and gas company's stock valued at $20,111,000 after purchasing an additional 104,684 shares during the last quarter. Mccarter Private Wealth Services LLC raised its holdings in shares of Exxon Mobil by 1.6% in the 1st quarter. Mccarter Private Wealth Services LLC now owns 9,584 shares of the oil and gas company's stock valued at $1,140,000 after purchasing an additional 150 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Exxon Mobil by 13.3% during the first quarter. Compound Planning Inc. now owns 56,325 shares of the oil and gas company's stock worth $6,699,000 after purchasing an additional 6,616 shares in the last quarter. Finally, Barnes Wealth Management Group Inc grew its stake in shares of Exxon Mobil by 11.8% during the first quarter. Barnes Wealth Management Group Inc now owns 3,885 shares of the oil and gas company's stock worth $462,000 after purchasing an additional 410 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 0.4%

Shares of NYSE:XOM opened at $108.9850 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $464.63 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.03 and a beta of 0.53. The firm has a fifty day moving average price of $110.26 and a 200 day moving average price of $108.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 earnings per share. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

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.

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