KMG Fiduciary Partners LLC Acquires 3,625 Shares of Exxon Mobil Co. (NYSE:XOM)

KMG Fiduciary Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,252 shares of the oil and gas company's stock after purchasing an additional 3,625 shares during the period. KMG Fiduciary Partners LLC's holdings in Exxon Mobil were worth $2,171,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new position in Exxon Mobil in the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new stake in Exxon Mobil during the fourth quarter worth $48,348,000. Hager Investment Management Services LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $406,000. Weaver Capital Management LLC increased its stake in shares of Exxon Mobil by 4.1% in the 4th quarter. Weaver Capital Management LLC now owns 35,286 shares of the oil and gas company's stock valued at $3,796,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. raised its holdings in shares of Exxon Mobil by 3.6% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 535,620 shares of the oil and gas company's stock worth $57,617,000 after buying an additional 18,500 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reduced their price objective on 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 1.9%

Shares of NYSE:XOM traded up $2.09 during trading on Wednesday, reaching $109.31. 22,618,762 shares of the stock were exchanged, compared to its average volume of 15,610,014. The stock has a fifty day moving average of $105.14 and a two-hundred day moving average of $108.89. Exxon Mobil Co. 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 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $471.08 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Research analysts anticipate that Exxon Mobil Co. 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. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil's payout ratio is presently 52.52%.

Exxon Mobil 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.