Kovitz Investment Group Partners LLC Raises Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Exxon Mobil Corporation by 27.2%, holding 415,247 shares valued at approximately $49.4 million as of its latest SEC filing.
• Exxon Mobil reported a quarterly earnings per share of $1.64, surpassing analysts' expectations of $1.47, although revenue decreased 12.4% year-over-year to $81.51 billion.
• The company announced a quarterly dividend of $0.99, yielding 3.7%, with an ex-dividend date of August 15th.

Kovitz Investment Group Partners LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415,247 shares of the oil and gas company's stock after acquiring an additional 88,803 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Exxon Mobil were worth $49,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $552,000. Finward Bancorp purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $834,000. Acorns Advisers LLC lifted its holdings in Exxon Mobil by 44.3% in the 4th quarter. Acorns Advisers LLC now owns 5,391 shares of the oil and gas company's stock worth $580,000 after buying an additional 1,655 shares during the period. Master S Wealth Management Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $226,000. Finally, Lifelong Wealth Advisors Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $212,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Stock Up 1.3%

XOM stock opened at $107.53 on Thursday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $458.43 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The business has a 50 day moving average of $110.09 and a 200 day moving average of $108.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the company earned $2.14 EPS. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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.

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