Keystone Wealth Services LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)



Keystone Wealth Services LLC lessened its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 31.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,513 shares of the oil and gas company’s stock after selling 2,040 shares during the quarter. Keystone Wealth Services LLC’s holdings in Exxon Mobil were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marcum Wealth LLC lifted its position in shares of Exxon Mobil by 19.1% in the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after acquiring an additional 4,711 shares in the last quarter. Minot Wealth Management LLC raised its position in Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after purchasing an additional 5,477 shares during the period. Revolve Wealth Partners LLC raised its position in Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 664 shares during the period. Home Federal Bank of Tennessee raised its position in Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after purchasing an additional 150 shares during the period. Finally, Leonard Rickey Investment Advisors PLLC raised its position in Exxon Mobil by 7.1% in the first quarter. Leonard Rickey Investment Advisors PLLC now owns 7,256 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 54.07% of the company’s stock.

XOM has been the subject of a number of research reports. Wells Fargo & Company lifted their objective price on Exxon Mobil from $93.00 to 107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Trust Financial boosted their target price on Exxon Mobil from $75.00 to $84.00 in a research note on Thursday, April 21st. The Goldman Sachs Group boosted their target price on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $125.00 in a research note on Tuesday, June 21st. Finally, Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $90.48.

NYSE XOM opened at $87.55 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $91.67 and its two-hundred day moving average is $82.36. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57. The stock has a market capitalization of $368.81 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 0.36 and a beta of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

In related news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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