KPP Advisory Services LLC Sells 4,595 Shares of ExxonMobil Corporation $XOM

KPP Advisory Services LLC trimmed its position in shares of ExxonMobil Corporation (NYSE:XOM) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,404 shares of the oil and gas company’s stock after selling 4,595 shares during the period. KPP Advisory Services LLC’s holdings in ExxonMobil were worth $4,819,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Portus Wealth Advisors LLC bought a new stake in ExxonMobil during the first quarter valued at about $36,000. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter worth about $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil in the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Finally, Key Capital Management INC purchased a new stake in shares of ExxonMobil during the fourth quarter worth about $28,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of XOM stock traded up $3.92 on Tuesday, reaching $140.35. The company’s stock had a trading volume of 1,259,326 shares, compared to its average volume of 20,213,465. The stock’s fifty day simple moving average is $147.37 and its 200-day simple moving average is $144.79. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $581.76 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s payout ratio is 69.48%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group increased their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Piper Sandler reduced their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Citigroup boosted their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.70.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.