Fee Only Financial Planning L.C. Invests $757,000 in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 30th, 2023

Fee Only Financial Planning L.C. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,867 shares of the oil and gas company’s stock, valued at approximately $757,000. Exxon Mobil makes up approximately 0.6% of Fee Only Financial Planning L.C.’s holdings, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Cookson Peirce & Co. Inc. lifted its stake in Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares during the last quarter. CTC Capital Management LLC purchased a new stake in Exxon Mobil during the third quarter worth approximately $1,807,000. Kestra Private Wealth Services LLC lifted its stake in Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after purchasing an additional 5,770 shares during the last quarter. Northstar Asset Management LLC lifted its stake in Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after purchasing an additional 925 shares during the last quarter. Finally, TTP Investments Inc. lifted its stake in Exxon Mobil by 0.9% during the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 181 shares during the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.3 %

Shares of XOM stock opened at $118.34 on Friday. The business’s fifty day moving average price is $111.20 and its 200 day moving average price is $110.48. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92. The firm has a market capitalization of $480.38 billion, a PE ratio of 8.92, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the prior year, the company posted $2.07 earnings per share. Exxon Mobil’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.08%. The ex-dividend date is Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. StockNews.com initiated coverage on Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. Cowen boosted their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Truist Financial boosted their price objective on Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Finally, Morgan Stanley boosted their price objective on Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.61.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction 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 sale, the vice president now owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

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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