New England Professional Planning Group Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,576 shares of the oil and gas company’s stock after selling 315 shares during the period. Exxon Mobil comprises about 0.7% of New England Professional Planning Group Inc.’s portfolio, making the stock its 8th largest holding. New England Professional Planning Group Inc.’s holdings in Exxon Mobil were worth $1,219,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after acquiring an additional 87 shares in the last quarter. Bank of The West grew its stake in Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after buying an additional 89 shares during the last quarter. Motive Wealth Advisors grew its stake in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 90 shares during the last quarter. Smart Money Group LLC boosted its holdings in Exxon Mobil by 3.8% in the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the period. Finally, Acorn Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 3.8% during the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock worth $274,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 58.59% of the company’s stock.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $106.91 on Thursday. The firm has a market capitalization of $432.24 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The firm has a fifty day simple moving average of $106.53 and a two-hundred day simple moving average of $109.69. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.92.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.
Wall Street Analyst Weigh In
XOM has been the subject of several analyst reports. HSBC lifted their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating for the company. The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. Finally, Jefferies Financial Group cut their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.70.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.
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.
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