Kestra Investment Management LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Kestra Investment Management LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,094 shares of the oil and gas company's stock, valued at approximately $3,059,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter worth $46,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.3 %

Shares of Exxon Mobil stock traded up $0.30 during trading hours on Friday, hitting $117.96. 9,426,499 shares of the company's stock traded hands, compared to its average volume of 14,050,405. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $518.45 billion, a PE ratio of 14.69, a PEG ratio of 4.95 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $119.76 and a 200-day simple moving average of $116.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Evercore ISI raised Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. TD Cowen lifted their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $129.95.

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.