Kennedy Capital Management LLC Reduces Holdings in Exxon Mobil Corporation $XOM

Kennedy Capital Management LLC trimmed its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 15.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,929 shares of the oil and gas company’s stock after selling 8,265 shares during the period. Kennedy Capital Management LLC’s holdings in Exxon Mobil were worth $5,059,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Linscomb Wealth Inc. grew its stake in Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after acquiring an additional 131,600 shares in the last quarter. Capital Counsel LLC NY grew its holdings in Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares during the last quarter. OneAscent Wealth Management LLC increased its position in shares of Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after purchasing an additional 4,123 shares in the last quarter. Finally, Wealth Management Associates Inc. lifted its holdings in shares of Exxon Mobil by 2.7% during the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock valued at $3,147,000 after purchasing an additional 691 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Piper Sandler boosted their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Trading Down 0.5%

Exxon Mobil stock opened at $116.52 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The stock has a 50-day moving average price of $115.04 and a 200 day moving average price of $111.64. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $491.38 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.48 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

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.