KCM Investment Advisors LLC Purchases 173 Shares of Exxon Mobil Co. (NYSE:XOM)

KCM Investment Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 33,109 shares of the oil and gas company’s stock after acquiring an additional 173 shares during the quarter. KCM Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Archer Investment Corp lifted its stake in Exxon Mobil by 4.7% in the third quarter. Archer Investment Corp now owns 22,932 shares of the oil and gas company’s stock valued at $2,688,000 after buying an additional 1,023 shares during the period. Empirical Finance LLC increased its stake in shares of Exxon Mobil by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 160,836 shares of the oil and gas company’s stock valued at $18,853,000 after acquiring an additional 3,036 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Exxon Mobil by 1.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 71,573 shares of the oil and gas company’s stock valued at $8,390,000 after acquiring an additional 962 shares during the period. Signature Estate & Investment Advisors LLC boosted its stake in Exxon Mobil by 1.8% during the third quarter. Signature Estate & Investment Advisors LLC now owns 21,490 shares of the oil and gas company’s stock worth $2,519,000 after acquiring an additional 376 shares in the last quarter. Finally, Black Diamond Financial LLC increased its stake in Exxon Mobil by 24.5% in the third quarter. Black Diamond Financial LLC now owns 6,289 shares of the oil and gas company’s stock valued at $737,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen reduced their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One equities research 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 stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

Shares of XOM opened at $119.35 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $118.49 and a 200-day moving average price of $116.40. The company has a market cap of $524.56 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. 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 previous year, the firm posted $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

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.