Kercheville Advisors LLC Has $7.56 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Kercheville Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 63,586 shares of the oil and gas company's stock after purchasing an additional 2,316 shares during the period. Exxon Mobil accounts for approximately 3.1% of Kercheville Advisors LLC's portfolio, making the stock its 14th largest position. Kercheville Advisors LLC's holdings in Exxon Mobil were worth $7,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $32,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 0.3%

Exxon Mobil stock opened at $112.48 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $484.73 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The firm's 50-day simple moving average is $105.75 and its 200 day simple moving average is $108.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.