• Disclaimer
  • Privacy Policy
Media Coverage
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact
No Result
View All Result
Media Coverage
No Result
View All Result
Home Market coverage

Kestra Private Wealth Services LLC Increasing Position in Exxon Mobil Co. during Q4 2020

Elaine Mendonça by Elaine Mendonça
April 22, 2023
in Market coverage
0
Stock market today
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

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 !

Tags: XOM
Previous Post

Insider Selling and Dividend Offering: Tyman plc Shows Confidence in Its Performance

Next Post

Institutional Investor and Insider Selling Leads to Significant Reduction in Kestra Advisory Services’ Stake in Cleveland-Cliffs Inc.

Next Post
Cash Flow marketTrends

Institutional Investor and Insider Selling Leads to Significant Reduction in Kestra Advisory Services' Stake in Cleveland-Cliffs Inc.

Wealth

Sugarhill Ddot’s Net Worth: Inside The Career of the Rising Drill Rap Star

by Gabriel Bello Obando
November 10, 2023
0

When it comes to the hip-hop scene in America, there are a few names that stand out. However, one name...

Read more

From Telenovelas to Hollywood: Exploring Kate del Castillo Net Worth and Career Achievements

June 1, 2023

Adamari López Net Worth: An Inspirational Tale of Resilience Beyond The Screen

June 1, 2023

Simon Helberg Net Worth: A Multi-Talented Hollywood Star

June 1, 2023

Sam Bailey Net Worth: Her Journey to Fame and Musical Career

June 1, 2023

Categories

  • Analyst Ratings
  • Business
  • Business news
  • Market coverage
  • Pre-IPO & Startups
  • Stock Markets
  • Wealth
  • World Economy

About Us

Our team of experienced journalists and industry experts is committed to providing you with the latest and most accurate information on a wide range of topics, from finance and technology to politics and the economy.

We are proud to be part of the Best Stocks team and to offer our readers exceptional content that is informed by our combined expertise. We look forward to continuing to serve our readers and to playing a key role in the world of business analysis and reporting.

READ MORE

  • Media Contacts
  • Journalist Contacts
  • Contact
  • About us
  • Disclaimer
  • Privacy Policy

© 2023 Media Coverage

No Result
View All Result
  • Analyst Ratings
  • Market coverage
  • Business news
  • Wealth
  • Stock Markets
  • World Economy
  • About Us
    • About us
    • Contact

© 2023 Media Coverage