BKM Wealth Management LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

BKM Wealth Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,459 shares of the oil and gas company’s stock after purchasing an additional 616 shares during the period. BKM Wealth Management LLC’s holdings in Exxon Mobil were worth $372,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XOM. Eastern Bank lifted its position in shares of Exxon Mobil by 939.0% in the 3rd quarter. Eastern Bank now owns 702,501 shares of the oil and gas company’s stock worth $82,347,000 after purchasing an additional 634,888 shares during the period. Leo Wealth LLC lifted its position in shares of Exxon Mobil by 3.8% in the 3rd quarter. Leo Wealth LLC now owns 40,275 shares of the oil and gas company’s stock worth $4,721,000 after purchasing an additional 1,463 shares during the period. Waldron Private Wealth LLC lifted its position in shares of Exxon Mobil by 1.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 50,503 shares of the oil and gas company’s stock worth $5,920,000 after purchasing an additional 609 shares during the period. Symphony Financial Ltd. Co. lifted its position in shares of Exxon Mobil by 0.8% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 79,610 shares of the oil and gas company’s stock worth $9,231,000 after purchasing an additional 624 shares during the period. Finally, Alexander Labrunerie & CO. Inc. lifted its position in shares of Exxon Mobil by 23.4% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 46,665 shares of the oil and gas company’s stock worth $5,470,000 after purchasing an additional 8,862 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.12 on Friday. The company’s 50-day moving average price is $108.60 and its 200-day moving average price is $114.52. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $492.78 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.