Exxon Mobil Corporation $XOM Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,053 shares of the oil and gas company’s stock after selling 651 shares during the period. KRS Capital Management LLC’s holdings in Exxon Mobil were worth $976,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the period. Ironwood Wealth Management LLC. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $200,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Exxon Mobil by 0.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 269,824 shares of the oil and gas company’s stock worth $32,090,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Southland Equity Partners LLC grew its holdings in shares of Exxon Mobil by 0.9% in the 1st quarter. Southland Equity Partners LLC now owns 17,349 shares of the oil and gas company’s stock worth $2,063,000 after acquiring an additional 150 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.93 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $472.93 billion, a PE ratio of 15.76, a P/E/G ratio of 2.00 and a beta of 0.51. The firm has a 50 day simple moving average of $111.32 and a 200-day simple moving average of $109.36. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.95.

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.