WealthPlan Investment Management LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

WealthPlan Investment Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 14,935 shares of the oil and gas company’s stock after selling 953 shares during the period. WealthPlan Investment Management LLC’s holdings in Exxon Mobil were worth $1,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after acquiring an additional 5,110,603 shares during the period. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. raised its position in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after buying an additional 2,842,844 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock worth $192,853,000 after purchasing an additional 1,776,848 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.0 %

Shares of XOM opened at $108.17 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $100.60 and a 1 year high of $126.34. The stock has a market capitalization of $475.42 billion, a PE ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89. The company’s 50-day simple moving average is $108.78 and its 200-day simple moving average is $114.67.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm earned $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

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.