Planned Solutions Inc. Takes $234,000 Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 10th, 2023

Planned Solutions Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,123 shares of the oil and gas company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. CTC Capital Management LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth $1,807,000. WMG Financial Advisors LLC lifted its stake in Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 108 shares during the period. Polaris Wealth Advisory Group LLC grew its holdings in Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after acquiring an additional 200,102 shares in the last quarter. Mraz Amerine & Associates Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $246,000. Finally, Accurate Wealth Management LLC raised its holdings in shares of Exxon Mobil by 4.7% in the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock valued at $6,944,000 after purchasing an additional 2,859 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.05 on Monday. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $468.37 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company’s 50 day moving average is $110.73 and its 200 day moving average is $108.13.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XOM shares. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Mizuho boosted their target price on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Cowen raised their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Finally, Argus raised their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Company Profile

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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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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