Kathmere Capital Management LLC Sells 167 Shares of Exxon Mobil Co. (NYSE:XOM)

Kathmere Capital Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,483 shares of the oil and gas company’s stock after selling 167 shares during the period. Kathmere Capital Management LLC’s holdings in Exxon Mobil were worth $2,846,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Vima LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $50,000. Keener Financial Planning LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Neo Ivy Capital Management bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $80,000. Finally, Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $91,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.2 %

Shares of Exxon Mobil stock opened at $115.12 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market cap of $453.92 billion, a PE ratio of 14.11, a P/E/G ratio of 4.13 and a beta of 0.92. The stock has a fifty day moving average price of $115.25 and a 200-day moving average price of $109.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the business earned $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Finally, TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

View Our Latest Analysis on XOM

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

About Exxon Mobil

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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