As of their most recent 13F filing with the SEC, Kestra Private Wealth Services LLC has increased their position in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the fourth quarter. The firm now owns 117,524 shares of the oil and gas company’s stock after purchasing an additional 5,770 shares during the quarter. This adds a remarkable $12,963,000 to their holdings in Exxon Mobil at the end of this reporting period – making it their 25th largest position with 0.7% holdings.
Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%. The oil giant recently declared a quarterly dividend on Friday, March 10th and shareholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share on Monday, February 13th. This represents a $3.64 dividend on annualized basis and a dividend yield of 3.15%.
Various research firms have weighed in on XOM with numerous ratings in recent months.With one investment analyst rating XOM’s stock as a sell rating, eight hold ratings and fifteen buy ratings averaging out as what Bloomberg.com has classified as an “Moderate Buy”. Amongst these analysts were big names such Cowen and Company increasing its price target from $108 to $113 from Thursday 2nd of Feb and Barclays raising theirs from $111 to $129 back in January; whilst Scotiabank recently cut Exxon Mobil’s target price from $140 to $135 but kept sector performance consistent.
As we gauge these estimations heading into Q2 current economic conditions such as global demand being lower than expected post-Covid have led to scrutiny regarding future projections for once dominating industries such as oil and gas where changes may be imminent for companies like ExxonMobil to realise new goals for revenue generation gradually moving toward clean energy sources globally while maintaining reliable shareholder service.
Institutional Investors and Insider Trades Shape Exxon Mobil’s Future
Exxon Mobil Co. (NYSE:XOM) has recently seen a number of institutional investors and hedge funds modify their holdings in the company. Karp Capital Management Corp, for instance, bought a new position in Exxon Mobil during the third quarter of 2022 that was valued at approximately $28,000. This was followed by Clear Perspectives Financial Planning LLC raising its holdings in Exxon Mobil by 259% during the same period. Align Wealth Management LLC then went on to buy a new position in Exxon Mobil during the fourth quarter, while Mine & Arao Wealth Creation & Management LLC raised its holdings in the company by 61.7% also during Q3 of 2022. Finally, Orion Capital Management LLC bought a new position valued at about $44,000.
All in all, it can be concluded that institutional investors now own 57.49% of Exxon Mobil’s stock. As for insider trading activities, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil’s stock on Wednesday, February 1st at an average price of $115.50 per share — totalling a transaction amount of $288,750.
That being said, the firm also recently made headlines after declaring its quarterly dividend payment mentioned above; which has since been paid out to shareholders as March came to a close. The dividend stood at $0.91 per share and was issued to shareholders of record as of Tuesday February 14th.
As if this wasn’t enough news already — Exxon Mobil Co.’s shares are currently trading at $115.64 apiece according to recent reports; with the company having secured itself a market capitalization worth over $469 billion! Moving forward into the future is still anybody’s guess but we’ll keep you updated with any significant changes as they happen here on CNBC News Finance & Markets Update !