Keystone Wealth Services LLC Has $343,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Keystone Wealth Services LLC lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 11.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the oil and gas company’s stock after selling 503 shares during the period. Keystone Wealth Services LLC’s holdings in Exxon Mobil were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Marcum Wealth LLC lifted its position in shares of Exxon Mobil by 19.1% during the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock worth $2,429,000 after purchasing an additional 4,711 shares during the last quarter. Minot Wealth Management LLC lifted its position in shares of Exxon Mobil by 15.5% during the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after purchasing an additional 5,477 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Exxon Mobil by 13.3% during the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 664 shares during the last quarter. Home Federal Bank of Tennessee lifted its position in shares of Exxon Mobil by 1.1% during the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after purchasing an additional 150 shares during the last quarter. Finally, Fort Sheridan Advisors LLC lifted its position in shares of Exxon Mobil by 8.4% during the 1st quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock worth $644,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Stock Down 0.4 %

NYSE XOM opened at $90.57 on Friday. The stock’s 50 day simple moving average is $93.05 and its 200 day simple moving average is $89.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57. The firm has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s payout ratio is 38.51%.

Insider Activity

In other news, Director Jeffrey W. Ubben acquired 960,000 shares of Exxon Mobil stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Truist Financial cut their price objective on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, August 11th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. HSBC boosted their price target on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Finally, Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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