L.M. Kohn & Company Has $1.89 Million Stock Holdings in Exxon Mobil Corporation $XOM

L.M. Kohn & Company lessened its position in Exxon Mobil Corporation (NYSE:XOM) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,534 shares of the oil and gas company’s stock after selling 686 shares during the period. L.M. Kohn & Company’s holdings in Exxon Mobil were worth $1,890,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position 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 acquired a new position in shares of Exxon Mobil during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XOM shares. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Finally, Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $116.34 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a market cap of $496.00 billion, a PE ratio of 16.53, a PEG ratio of 2.04 and a beta of 0.51. The company’s 50-day moving average is $113.08 and its two-hundred day moving average is $109.83.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company 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 anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

About Exxon Mobil

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.