Kestra Investment Management LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Kestra Investment Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,355 shares of the oil and gas company’s stock after selling 3,739 shares during the quarter. Kestra Investment Management LLC’s holdings in Exxon Mobil were worth $2,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $48,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter valued at approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Piper Sandler cut their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Up 1.7 %

Shares of NYSE:XOM opened at $112.12 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. The stock has a market cap of $492.78 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 2.97 and a beta of 0.89. The business has a 50-day moving average price of $108.60 and a 200-day moving average price of $114.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.