Koshinski Asset Management Inc. Has $2.37 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Koshinski Asset Management Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 28.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,901 shares of the oil and gas company’s stock after purchasing an additional 11,756 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Exxon Mobil were worth $2,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV raised its stake in shares of Exxon Mobil by 2.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock valued at $324,000 after acquiring an additional 232 shares in the last quarter. JGP Wealth Management LLC increased its position in Exxon Mobil by 1.8% in the 2nd quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock worth $571,000 after buying an additional 239 shares during the period. Portfolio Solutions LLC increased its position in Exxon Mobil by 3.7% in the 1st quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock worth $259,000 after buying an additional 246 shares during the period. TrinityPoint Wealth LLC increased its position in Exxon Mobil by 1.8% in the 1st quarter. TrinityPoint Wealth LLC now owns 14,072 shares of the oil and gas company’s stock worth $534,000 after buying an additional 252 shares during the period. Finally, Whitener Capital Management Inc. increased its position in Exxon Mobil by 0.5% in the 1st quarter. Whitener Capital Management Inc. now owns 49,830 shares of the oil and gas company’s stock worth $1,892,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 52.16% of the company’s stock.

Exxon Mobil stock opened at $42.08 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The firm has a market cap of $177.04 billion, a P/E ratio of 15.76 and a beta of 1.33. The business’s fifty day moving average is $44.44 and its two-hundred day moving average is $48.35. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $75.66.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). The business had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post -0.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

Several research analysts have commented on XOM shares. Piper Sandler lifted their price target on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Bank of America restated a “buy” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Monday, May 4th. UBS Group boosted their price objective on Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Standpoint Research cut Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Finally, Scotiabank lowered their price objective on Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating on the stock in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.17.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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