Keystone Wealth Services LLC Acquires 4,950 Shares of Exxon Mobil Co. (NYSE:XOM)

Keystone Wealth Services LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,728 shares of the oil and gas company’s stock after acquiring an additional 4,950 shares during the quarter. Exxon Mobil makes up approximately 1.9% of Keystone Wealth Services LLC’s holdings, making the stock its 10th biggest holding. Keystone Wealth Services LLC’s holdings in Exxon Mobil were worth $5,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $34,000. Lynx Investment Advisory purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $47,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Finally, Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.8 %

NYSE XOM traded up $0.96 during trading on Friday, reaching $118.85. 12,151,867 shares of the stock traded hands, compared to its average volume of 17,399,568. The firm has a market cap of $468.63 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The stock’s 50-day moving average price is $114.17 and its 200 day moving average price is $112.83. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 earnings per share. Analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on XOM shares. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

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.