Kovack Advisors Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,630 shares of the oil and gas company’s stock after selling 1,026 shares during the period. Exxon Mobil comprises approximately 1.2% of Kovack Advisors Inc.’s holdings, making the stock its 9th largest position. Kovack Advisors Inc.’s holdings in Exxon Mobil were worth $8,513,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $36,000. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $38,000. Finally, Financial Connections Group Inc. lifted its stake in shares of Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XOM has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday. They noted that the move was a valuation call. Finally, Piper Sandler cut their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $124.70.
Insider Transactions at Exxon Mobil
Exxon Mobil Stock Up 0.2 %
Shares of XOM stock opened at $103.16 on Friday. The firm has a fifty day moving average of $105.95 and a 200-day moving average of $109.65. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92. The company has a market capitalization of $417.07 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 0.61 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.53 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio is 24.64%.
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.
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