Kingswood Wealth Advisors LLC Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Kingswood Wealth Advisors LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,485 shares of the oil and gas company's stock after selling 29,954 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Exxon Mobil were worth $4,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $133,000. Granite Bay Wealth Management LLC lifted its stake in Exxon Mobil by 45.1% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company's stock valued at $456,000 after acquiring an additional 1,231 shares during the period. Souders Financial Advisors boosted its position in Exxon Mobil by 5.6% in the second quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company's stock worth $496,000 after purchasing an additional 230 shares during the last quarter. Gibson Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 5.4% during the 2nd quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company's stock valued at $2,454,000 after buying an additional 1,094 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in Exxon Mobil by 18.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company's stock valued at $12,877,000 after buying an additional 17,188 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price on the stock. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Price Performance

NYSE XOM traded up $0.97 during midday trading on Thursday, hitting $109.64. The company had a trading volume of 5,248,607 shares, compared to its average volume of 14,627,579. The company has a market capitalization of $481.87 billion, a PE ratio of 13.65, a P/E/G ratio of 2.86 and a beta of 0.91. The firm has a 50-day moving average price of $110.91 and a 200-day moving average price of $115.33. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

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.