Asset Planning Services Inc. LA ADV grew its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,925 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the quarter. Exxon Mobil makes up approximately 3.3% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 17th biggest position. Asset Planning Services Inc. LA ADV’s holdings in Exxon Mobil were worth $5,176,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC raised its holdings in shares of Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 169 shares in the last quarter. Finally, Horizons Wealth Management purchased a new position in Exxon Mobil during the 2nd quarter valued at $41,000. Institutional investors own 57.49% of the company’s stock.
Insider Activity
In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is presently 27.45%.
Analyst Ratings Changes
Several research firms have recently commented on XOM. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Truist Financial raised their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Cowen upped their target price on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Barclays raised their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler dropped their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.64.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
Read More
- Get a free copy of the StockNews.com research report on Exxon Mobil (XOM)
- MarketBeat Week in Review – 3/20 – 3/24
- Dividend King Genuine Parts Company Upgraded On Profit Guidance
- The Bottom Is In For Accenture
- 11 Best Consumer Discretionary Stocks of 2023
- 10 Best Consumer Discretionary ETFs
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
