Kelleher Financial Advisors Has $750,000 Position in Exxon Mobil Co. (NYSE:XOM)

Kelleher Financial Advisors increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,968 shares of the oil and gas company’s stock after acquiring an additional 339 shares during the quarter. Kelleher Financial Advisors’ holdings in Exxon Mobil were worth $750,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the period. Legal & General Group Plc raised its stake in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Clearbridge Investments LLC grew its position in Exxon Mobil by 117.5% in the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock worth $882,795,000 after purchasing an additional 4,142,171 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

Shares of XOM stock opened at $108.64 on Friday. The firm has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $111.77 and a 200-day moving average of $115.41.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil 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.