Kavar Capital Partners Group LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Kavar Capital Partners Group LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,427 shares of the oil and gas company’s stock after purchasing an additional 155 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Exxon Mobil were worth $2,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of XOM. Axiom Financial Strategies LLC boosted its stake in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P boosted its stake in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC boosted its stake in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil in the first quarter valued at $237,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho decreased their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Piper Sandler upped their target price on shares of Exxon Mobil from $134.00 to $145.00 in a research note on Thursday, May 18th. Morgan Stanley upped their price target on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Finally, Argus upped their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.30.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.56 during trading hours on Friday, hitting $105.10. 4,744,280 shares of the company traded hands, compared to its average volume of 16,184,392. The firm has a market cap of $424.92 billion, a P/E ratio of 7.23, a P/E/G ratio of 0.63 and a beta of 1.09. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $110.33 and its two-hundred day simple moving average is $110.59. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.65 by $0.18. The firm had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. Exxon Mobil’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.46%. Exxon Mobil’s payout ratio is 24.64%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.