Kelly Financial Services LLC Sells 283 Shares of Exxon Mobil Co. (NYSE:XOM)

Kelly Financial Services LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,604 shares of the oil and gas company’s stock after selling 283 shares during the period. Kelly Financial Services LLC’s holdings in Exxon Mobil were worth $657,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC lifted its stake in shares of Exxon Mobil by 19.1% during the 4th quarter. Kestra Advisory Services LLC now owns 577,626 shares of the oil and gas company’s stock worth $57,751,000 after acquiring an additional 92,689 shares during the last quarter. Waverly Advisors LLC raised its position in shares of Exxon Mobil by 17.0% in the 4th quarter. Waverly Advisors LLC now owns 65,941 shares of the oil and gas company’s stock worth $6,593,000 after acquiring an additional 9,575 shares in the last quarter. Pinnacle Holdings LLC raised its position in shares of Exxon Mobil by 62.7% in the 4th quarter. Pinnacle Holdings LLC now owns 5,756 shares of the oil and gas company’s stock worth $575,000 after acquiring an additional 2,219 shares in the last quarter. Gibson Capital LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $264,000. Finally, Pitcairn Co. raised its position in shares of Exxon Mobil by 17.9% in the 4th quarter. Pitcairn Co. now owns 39,172 shares of the oil and gas company’s stock worth $3,916,000 after acquiring an additional 5,941 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $122.09 on Thursday. The business has a 50 day simple moving average of $116.64 and a two-hundred day simple moving average of $116.21. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock has a market capitalization of $481.40 billion, a P/E ratio of 14.96, a PEG ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.11%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned 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 a consensus rating of “Moderate Buy” and a consensus target price of $132.61.

About Exxon Mobil

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.