Kathmere Capital Management LLC Has $2.73 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Kathmere Capital Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,389 shares of the oil and gas company’s stock after purchasing an additional 254 shares during the period. Kathmere Capital Management LLC’s holdings in Exxon Mobil were worth $2,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $35,000. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter valued at about $54,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 1.6 %

NYSE:XOM opened at $111.44 on Thursday. The firm has a market capitalization of $489.79 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock’s 50 day moving average price is $113.12 and its two-hundred day moving average price is $115.58.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 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.