Keebeck Wealth Management Grows Position in ExxonMobil Corporation $XOM

Keebeck Wealth Management boosted its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 100.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,946 shares of the oil and gas company’s stock after buying an additional 6,986 shares during the period. Keebeck Wealth Management’s holdings in ExxonMobil were worth $2,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in ExxonMobil in the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.0%

XOM stock opened at $156.88 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market cap of $650.28 billion, a P/E ratio of 26.46, a P/E/G ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The company’s 50-day moving average price is $145.91 and its 200 day moving average price is $147.60.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. On average, research analysts expect that ExxonMobil Corporation will post 11.55 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is 69.48%.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Jefferies Financial Group upped their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Morgan Stanley dropped their target price on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Piper Sandler initiated coverage on ExxonMobil in a report on Thursday. They set a “neutral” rating and a $158.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average target price of $163.25.

Read Our Latest Stock Report on ExxonMobil

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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