Keynote Financial Services LLC Invests $1.34 Million in Exxon Mobil Co. (NYSE:XOM)

Keynote Financial Services LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 11,501 shares of the oil and gas company’s stock, valued at approximately $1,337,000. Exxon Mobil makes up 1.1% of Keynote Financial Services LLC’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter worth approximately $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the first quarter valued at $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $46,000. Vima LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $50,000. Finally, ESL Trust Services LLC acquired a new position in Exxon Mobil during the first quarter worth about $76,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.1 %

Shares of XOM traded down $0.07 during trading hours on Friday, reaching $116.88. The company’s stock had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. The company has a 50 day moving average of $114.02 and a two-hundred day moving average of $112.17. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market cap of $460.86 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio is 46.57%.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.78.

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.