Kiely Wealth Advisory Group Inc. Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Kiely Wealth Advisory Group Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 922 shares of the oil and gas company’s stock after purchasing an additional 102 shares during the quarter. Kiely Wealth Advisory Group Inc.’s holdings in Exxon Mobil were worth $108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

Shares of NYSE XOM opened at $115.27 on Friday. The business has a fifty day moving average price of $115.88 and a 200 day moving average price of $115.33. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $454.51 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley cut their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. UBS Group dropped their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday. Truist Financial reduced their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.