Kendall Capital Management Sells 390 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 18th, 2023

Kendall Capital Management decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,608 shares of the oil and gas company’s stock after selling 390 shares during the period. Kendall Capital Management’s holdings in Exxon Mobil were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Karp Capital Management Corp bought a new stake in Exxon Mobil during the third quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC increased its stake in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in Exxon Mobil during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $114.70 on Tuesday. The stock has a market cap of $466.94 billion, a PE ratio of 8.65, a P/E/G ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The company has a 50-day moving average price of $110.92 and a 200 day moving average price of $109.13. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 EPS. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 9.95 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Mizuho increased their price target on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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