Kowal Investment Group LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Kowal Investment Group LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,172 shares of the oil and gas company’s stock after purchasing an additional 2,199 shares during the quarter. Kowal Investment Group LLC’s holdings in Exxon Mobil were worth $1,415,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the last quarter. RNC Capital Management LLC lifted its stake in Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Dupree Financial Group LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $378,000. Intact Investment Management Inc. raised its holdings in Exxon Mobil by 225.7% during the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after purchasing an additional 47,400 shares in the last quarter. Finally, AJOVista LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $312,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company raised their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Piper Sandler boosted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Price Performance

Shares of XOM opened at $114.18 on Wednesday. The firm has a market capitalization of $450.21 billion, a PE ratio of 13.99, a P/E/G ratio of 4.14 and a beta of 0.91. The stock’s 50 day moving average is $115.14 and its two-hundred day moving average is $109.82. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Exxon Mobil Company 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.