KRS Capital Management LLC Decreases Stake in Exxon Mobil Corporation $XOM

KRS Capital Management LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.7% in the second quarter, Holdings Channel reports. The firm owned 9,053 shares of the oil and gas company’s stock after selling 651 shares during the period. KRS Capital Management LLC’s holdings in Exxon Mobil were worth $976,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter worth about $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.95.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $110.93 on Monday. The company has a market capitalization of $472.93 billion, a P/E ratio of 15.76, a PEG ratio of 2.00 and a beta of 0.51. The company has a 50-day moving average of $111.32 and a 200-day moving average of $109.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

Exxon Mobil Company 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.