Koss Olinger Consulting LLC Has $1.74 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Koss Olinger Consulting LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 29.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,016 shares of the oil and gas company’s stock after selling 8,582 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Exxon Mobil were worth $1,736,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of XOM. Norges Bank acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $3,184,424,000. GQG Partners LLC boosted its holdings in shares of Exxon Mobil by 21.8% in the 4th quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after purchasing an additional 5,807,202 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Exxon Mobil by 134.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after purchasing an additional 3,619,270 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after purchasing an additional 3,441,825 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Exxon Mobil by 324.1% in the 4th quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after purchasing an additional 2,000,928 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XOM shares. Barclays raised their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Bank of America raised their price objective on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Argus raised their price objective on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. HSBC raised their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Finally, Citigroup raised their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $96.40.

Exxon Mobil Stock Performance

XOM stock opened at $88.45 on Friday. The stock has a 50-day moving average price of $90.93 and a 200-day moving average price of $85.91. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $372.60 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same period last year, the company posted $1.10 EPS. The business’s quarterly revenue was up 70.8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a $0.88 dividend. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock worth $698,858 in the last three months. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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

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