Kendall Capital Management Buys 706 Shares of Exxon Mobil Co. (NYSE:XOM)

Kendall Capital Management increased its stake in Exxon Mobil Co. (NYSE:XOM) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,649 shares of the oil and gas company’s stock after purchasing an additional 706 shares during the period. Kendall Capital Management’s holdings in Exxon Mobil were worth $393,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Coordinated Financial Services Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth $502,000. Axis Wealth Partners LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $524,000. Oak Harbor Wealth Partners LLC grew its position in Exxon Mobil by 1.0% in the fourth quarter. Oak Harbor Wealth Partners LLC now owns 13,096 shares of the oil and gas company’s stock valued at $1,409,000 after acquiring an additional 134 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Exxon Mobil by 2.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 133,541 shares of the oil and gas company’s stock valued at $14,365,000 after acquiring an additional 2,703 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in Exxon Mobil by 26.2% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 28,532 shares of the oil and gas company’s stock valued at $3,069,000 after acquiring an additional 5,926 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $109.05 on Monday. The stock’s 50 day moving average is $109.05 and its 200 day moving average is $113.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $473.20 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.