Key Financial Inc Sells 1,012 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Financial Inc lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,252 shares of the oil and gas company’s stock after selling 1,012 shares during the quarter. Exxon Mobil accounts for 1.3% of Key Financial Inc’s investment portfolio, making the stock its 20th largest position. Key Financial Inc’s holdings in Exxon Mobil were worth $5,858,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC raised its stake in Exxon Mobil by 35.3% in the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $1,963,000 after acquiring an additional 4,760 shares during the period. IMG Wealth Management Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $144,000. Atlanta Consulting Group Advisors LLC lifted its stake in shares of Exxon Mobil by 3.8% during the 4th quarter. Atlanta Consulting Group Advisors LLC now owns 26,452 shares of the oil and gas company’s stock valued at $2,845,000 after buying an additional 970 shares in the last quarter. Gray Wealth Management Inc. boosted its holdings in Exxon Mobil by 11.0% in the 4th quarter. Gray Wealth Management Inc. now owns 21,333 shares of the oil and gas company’s stock worth $2,295,000 after buying an additional 2,120 shares during the period. Finally, Addison Capital Co grew its stake in Exxon Mobil by 2.1% in the 4th quarter. Addison Capital Co now owns 14,648 shares of the oil and gas company’s stock valued at $1,576,000 after buying an additional 300 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on XOM shares. Piper Sandler raised their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.05.

Exxon Mobil Trading Down 1.2%

NYSE XOM opened at $114.05 on Tuesday. The stock’s 50-day simple moving average is $108.23 and its two-hundred day simple moving average is $108.86. 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 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $491.52 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.21 and a beta of 0.50.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 analysts’ expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 EPS. 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 disclosed 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 3.47%. Exxon Mobil’s dividend payout ratio (DPR) is 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.