KFA Private Wealth Group LLC Raises Position in Exxon Mobil Corporation $XOM

Key Points

• KFA Private Wealth Group LLC increased its stake in Exxon Mobil Corporation by 46.6%, holding 12,097 shares worth approximately $1.3 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing a 3.5% yield, with a dividend payout ratio of 56.25%.
• Analysts have mixed ratings on Exxon Mobil, with one Strong Buy, nine Buy, and ten Hold ratings, and a consensus target price of $126.05.

KFA Private Wealth Group LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 46.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,097 shares of the oil and gas company's stock after purchasing an additional 3,843 shares during the period. KFA Private Wealth Group LLC's holdings in Exxon Mobil were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.2%

Shares of NYSE XOM opened at $112.11 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $477.97 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The stock's fifty day simple moving average is $111.42 and its two-hundred day simple moving average is $109.32. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho reduced their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.05.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

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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