Planned Solutions Inc. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Planned Solutions Inc. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,964 shares of the oil and gas company’s stock after selling 125 shares during the period. Planned Solutions Inc.’s holdings in Exxon Mobil were worth $426,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Transform Wealth LLC increased its holdings in Exxon Mobil by 15.3% during the fourth quarter. Transform Wealth LLC now owns 153,532 shares of the oil and gas company’s stock valued at $16,515,000 after buying an additional 20,373 shares during the last quarter. Lockerman Financial Group Inc. increased its stake in shares of Exxon Mobil by 6.3% in the 4th quarter. Lockerman Financial Group Inc. now owns 3,902 shares of the oil and gas company’s stock worth $420,000 after purchasing an additional 231 shares in the last quarter. Charles Schwab Trust Co raised its holdings in Exxon Mobil by 13.1% in the 4th quarter. Charles Schwab Trust Co now owns 25,981 shares of the oil and gas company’s stock worth $2,795,000 after purchasing an additional 3,010 shares during the period. Crossmark Global Holdings Inc. lifted its position in Exxon Mobil by 2.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 333,065 shares of the oil and gas company’s stock valued at $35,828,000 after purchasing an additional 8,206 shares in the last quarter. Finally, Chesapeake Wealth Management increased its position in Exxon Mobil by 4.8% in the fourth quarter. Chesapeake Wealth Management now owns 15,248 shares of the oil and gas company’s stock worth $1,640,000 after buying an additional 697 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.5 %

Shares of NYSE XOM opened at $110.12 on Friday. Exxon Mobil Co. has a 1-year low of $97.74 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business’s 50 day moving average is $111.98 and its two-hundred day moving average is $115.44. The stock has a market capitalization of $483.97 billion, a P/E ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on XOM shares. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.84.

About Exxon Mobil

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.