KPP Advisory Services LLC Sells 4,595 Shares of ExxonMobil Corporation $XOM

KPP Advisory Services LLC decreased its stake in ExxonMobil Corporation (NYSE:XOM) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,404 shares of the oil and gas company’s stock after selling 4,595 shares during the quarter. KPP Advisory Services LLC’s holdings in ExxonMobil were worth $4,819,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock worth $9,043,836,000 after buying an additional 1,457,560 shares during the period. Norges Bank purchased a new stake in shares of ExxonMobil in the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp raised its stake in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after acquiring an additional 531,362 shares during the period. Northern Trust Corp lifted its holdings in shares of ExxonMobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after acquiring an additional 445,283 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of ExxonMobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after acquiring an additional 2,660,910 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 2.9%

XOM traded up $3.92 during trading on Tuesday, hitting $140.35. 1,259,326 shares of the stock were exchanged, compared to its average volume of 20,213,465. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a 50 day simple moving average of $147.37 and a 200 day simple moving average of $144.79. The firm has a market cap of $581.76 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that ExxonMobil Corporation will post 11.9 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. ExxonMobil’s dividend payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Scotiabank upped their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. TD Cowen decreased their price objective on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company upped their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Citigroup increased their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.70.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.