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Exxon Mobil Corporation $XOM Shares Sold by Kiley Juergens Wealth Management LLC

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Key Points

  • Kiley Juergens Wealth Management cut its stake in Exxon Mobil by 34.9% in the third quarter, selling 10,177 shares and retaining 19,000 shares valued at about $2.14 million.
  • Exxon increased its quarterly dividend to $1.03 (annualized $4.12), a 3.4% yield, with a dividend payout ratio near 59.9%.
  • Large institutions moved into XOM—most notably Norges Bank opened a new position worth roughly $6.16 billion in Q2—leaving about 61.8% of the stock held by hedge funds and other institutional investors.
  • Five stocks we like better than Exxon Mobil.

Kiley Juergens Wealth Management LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 34.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,000 shares of the oil and gas company's stock after selling 10,177 shares during the period. Kiley Juergens Wealth Management LLC's holdings in Exxon Mobil were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of XOM. Norges Bank acquired a new position in Exxon Mobil during the second quarter worth $6,163,719,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $607,621,000. First Trust Advisors LP raised its stake in Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company's stock worth $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC grew its holdings in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company's stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its position in Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company's stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $121.20 on Wednesday. The company has a market cap of $511.12 billion, a PE ratio of 17.62, a P/E/G ratio of 7.72 and a beta of 0.37. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $125.93. The firm has a 50-day simple moving average of $117.64 and a 200 day simple moving average of $113.69. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.4%. 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%.

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Zacks Research downgraded Exxon Mobil from a "hold" rating to a "strong sell" rating in a report on Thursday, January 1st. Citigroup increased their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a "neutral" rating in a research note on Wednesday, December 10th. BNP Paribas Exane raised shares of Exxon Mobil from an "underperform" rating to a "neutral" rating and set a $114.00 price target for the company in a research report on Monday, December 8th. Finally, Bank of America dropped their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a "neutral" rating for the company in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of "Hold" and a consensus target price of $129.81.

View Our Latest Stock Report on XOM

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm's stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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