KMG Fiduciary Partners LLC Has $1.87 Million Position in Exxon Mobil Co. (NYSE:XOM)

KMG Fiduciary Partners LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,926 shares of the oil and gas company’s stock after buying an additional 358 shares during the period. KMG Fiduciary Partners LLC’s holdings in Exxon Mobil were worth $1,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in XOM. Net Worth Advisory Group bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $1,271,000. Precedent Wealth Partners LLC lifted its position in Exxon Mobil by 10.5% in the third quarter. Precedent Wealth Partners LLC now owns 21,912 shares of the oil and gas company’s stock worth $2,568,000 after purchasing an additional 2,085 shares during the period. Stratos Investment Management LLC boosted its stake in Exxon Mobil by 3.6% during the third quarter. Stratos Investment Management LLC now owns 34,455 shares of the oil and gas company’s stock worth $4,039,000 after buying an additional 1,190 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Exxon Mobil by 6.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 262,591 shares of the oil and gas company’s stock valued at $30,781,000 after buying an additional 15,127 shares during the period. Finally, OmniStar Financial Group Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter worth about $1,625,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 0.3 %

Shares of XOM opened at $120.01 on Friday. The stock’s fifty day simple moving average is $117.39 and its 200-day simple moving average is $116.49. The firm has a market capitalization of $473.20 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.