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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter worth $46,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $48,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter valued at about $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter valued at about $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. HSBC decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 1.7 %

XOM opened at $112.12 on Friday. The stock has a market cap of $492.78 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $102.88 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s fifty day moving average is $108.60 and its 200 day moving average is $114.52.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 firm posted $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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Company 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.