O Keefe Stevens Advisory Inc. Acquires 1,496 Shares of Exxon Mobil Corporation $XOM

O Keefe Stevens Advisory Inc. increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,296 shares of the oil and gas company’s stock after acquiring an additional 1,496 shares during the period. Exxon Mobil comprises 0.9% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 23rd biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Exxon Mobil were worth $3,158,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Talbot Financial LLC raised its stake in shares of Exxon Mobil by 247.4% in the second quarter. Talbot Financial LLC now owns 13,200 shares of the oil and gas company’s stock worth $1,423,000 after purchasing an additional 9,400 shares during the last quarter. Diligent Investors LLC grew its holdings in Exxon Mobil by 19.3% during the second quarter. Diligent Investors LLC now owns 15,221 shares of the oil and gas company’s stock worth $1,641,000 after buying an additional 2,458 shares in the last quarter. Oak Hill Wealth Advisors LLC raised its position in Exxon Mobil by 1.0% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 32,051 shares of the oil and gas company’s stock valued at $3,660,000 after buying an additional 308 shares during the last quarter. Signature Wealth Management Partners LLC lifted its stake in Exxon Mobil by 24.7% during the 2nd quarter. Signature Wealth Management Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $1,255,000 after acquiring an additional 2,306 shares in the last quarter. Finally, Sava Infond d.o.o. boosted its holdings in Exxon Mobil by 10.2% during the 2nd quarter. Sava Infond d.o.o. now owns 37,440 shares of the oil and gas company’s stock worth $4,036,000 after acquiring an additional 3,460 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.18 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $111.21 and a two-hundred day simple moving average of $109.47. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, August 18th. 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 report on Wednesday, September 10th. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $125.00.

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.