Kesler Norman & Wride LLC Increases Stake in Exxon Mobil Corporation (NYSE:XOM)

Kesler Norman & Wride LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,989 shares of the oil and gas company's stock after purchasing an additional 2,194 shares during the quarter. Kesler Norman & Wride LLC's holdings in Exxon Mobil were worth $3,924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter valued at about $6,936,737,000. GAMMA Investing LLC grew its position in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 13.1% during 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 buying an additional 4,140,046 shares during the period. Northern Trust Corp raised its holdings in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.4%

NYSE:XOM opened at $115.40 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm has a market cap of $497.33 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.22 and a beta of 0.50. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a 50-day simple moving average of $108.01 and a two-hundred day simple moving average of $108.79.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the company posted $2.06 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.43%. Exxon Mobil's dividend payout ratio is 52.52%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Scotiabank lifted their target price on shares of Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Piper Sandler lifted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

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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