Keystone Wealth Services LLC grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,728 shares of the oil and gas company's stock after purchasing an additional 4,950 shares during the quarter. Exxon Mobil comprises approximately 1.9% of Keystone Wealth Services LLC's holdings, making the stock its 10th largest holding. Keystone Wealth Services LLC's holdings in Exxon Mobil were worth $5,955,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in XOM. Norges Bank bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $5,519,753,000. Global Assets Advisory LLC increased its position in shares of Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company's stock valued at $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company's stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares in the last quarter. Capital International Investors increased its holdings in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Stock Performance
NYSE:XOM traded up $0.96 during mid-day trading on Friday, hitting $118.85. The stock had a trading volume of 12,151,867 shares, compared to its average volume of 17,399,568. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock has a market cap of $468.63 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 4.51 and a beta of 0.91. The company's 50 day simple moving average is $114.17 and its 200 day simple moving average is $112.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil's revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.20%. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.
Analyst Ratings Changes
A number of equities analysts have issued reports on XOM shares. Wells Fargo & Company lowered their target price on Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, July 17th. Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating for the company in a report on Tuesday, July 9th. Morgan Stanley reiterated an "overweight" rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Finally, Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.39.
View Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Profile
(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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