Keeler Thomas Management LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Keeler Thomas Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 49.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,168 shares of the oil and gas company’s stock after buying an additional 15,001 shares during the period. Exxon Mobil comprises 1.8% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 20th biggest holding. Keeler Thomas Management LLC’s holdings in Exxon Mobil were worth $5,250,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Delta Financial Advisors LLC lifted its holdings in Exxon Mobil by 11.9% in the first quarter. Delta Financial Advisors LLC now owns 24,569 shares of the oil and gas company’s stock valued at $2,856,000 after acquiring an additional 2,606 shares during the period. Inspire Advisors LLC lifted its stake in shares of Exxon Mobil by 9.8% in the first quarter. Inspire Advisors LLC now owns 17,988 shares of the oil and gas company’s stock valued at $2,091,000 after purchasing an additional 1,606 shares during the period. Arnhold LLC boosted its holdings in Exxon Mobil by 261.2% during the first quarter. Arnhold LLC now owns 18,886 shares of the oil and gas company’s stock worth $2,195,000 after buying an additional 13,658 shares in the last quarter. Capital Square LLC grew its position in Exxon Mobil by 4.0% during the first quarter. Capital Square LLC now owns 17,974 shares of the oil and gas company’s stock worth $2,089,000 after buying an additional 692 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Exxon Mobil by 698.8% in the first quarter. Meeder Asset Management Inc. now owns 68,030 shares of the oil and gas company’s stock valued at $7,908,000 after buying an additional 59,513 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.2 %

NYSE:XOM traded up $1.43 during mid-day trading on Wednesday, reaching $117.47. The company’s stock had a trading volume of 134,935 shares, compared to its average volume of 17,718,426. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $463.19 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.31 and a beta of 0.91. The company’s fifty day simple moving average is $114.13 and its two-hundred day simple moving average is $110.76. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business posted $2.83 earnings per share. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 8.92 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.23%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Exxon Mobil 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.