Kooman & Associates Purchases 2,882 Shares of Exxon Mobil Co. (NYSE:XOM)

Kooman & Associates grew its position in Exxon Mobil Co. (NYSE:XOM) by 149.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,812 shares of the oil and gas company’s stock after buying an additional 2,882 shares during the period. Exxon Mobil accounts for approximately 0.2% of Kooman & Associates’ investment portfolio, making the stock its 25th largest holding. Kooman & Associates’ holdings in Exxon Mobil were worth $554,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Gilbert & Cook Inc. increased its holdings in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC grew its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after buying an additional 984 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after acquiring an additional 5,565 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Exxon Mobil by 18.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 400 shares during the period. Finally, Quest Partners LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $915,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

Shares of NYSE:XOM opened at $114.57 on Thursday. The company’s 50-day moving average price is $115.78 and its two-hundred day moving average price is $115.25. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $451.75 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on XOM shares. Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Wells Fargo & Company decreased their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.76.

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.