Kerntke Otto McGlone Wealth Management Group Buys 449 Shares of Exxon Mobil Co. (NYSE:XOM)

Kerntke Otto McGlone Wealth Management Group boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,227 shares of the oil and gas company’s stock after buying an additional 449 shares during the period. Exxon Mobil makes up about 1.0% of Kerntke Otto McGlone Wealth Management Group’s investment portfolio, making the stock its 23rd largest holding. Kerntke Otto McGlone Wealth Management Group’s holdings in Exxon Mobil were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Money Concepts Capital Corp increased its stake in Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after purchasing an additional 95 shares in the last quarter. Defined Wealth Management LLC lifted its position in Exxon Mobil by 2.4% during the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares during the period. Crown Wealth Group LLC grew its position in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 97 shares during the period. Auxier Asset Management raised its stake in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV lifted its holdings in shares of Exxon Mobil by 2.0% during the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Mizuho reiterated a “neutral” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.24 during trading hours on Friday, reaching $116.00. The company’s stock had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a 50 day moving average price of $114.65 and a 200-day moving average price of $106.96. The stock has a market cap of $457.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Company Profile

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.