Kerusso Capital Management LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Kerusso Capital Management LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,061 shares of the oil and gas company’s stock after purchasing an additional 1,628 shares during the quarter. Exxon Mobil comprises 2.0% of Kerusso Capital Management LLC’s portfolio, making the stock its 18th largest position. Kerusso Capital Management LLC’s holdings in Exxon Mobil were worth $3,172,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Exxon Mobil during the first quarter worth about $933,000. Empowered Funds LLC increased its stake in Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after acquiring an additional 49,083 shares during the last quarter. Bernardo Wealth Planning LLC lifted its stake in shares of Exxon Mobil by 5.4% in the 1st quarter. Bernardo Wealth Planning LLC now owns 5,533 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 285 shares in the last quarter. Finally, Oppenheimer & Close LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $209,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.0 %

NYSE XOM opened at $121.11 on Monday. The company has a market capitalization of $532.29 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company’s fifty day moving average price is $117.91 and its two-hundred day moving average price is $116.36.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.