Elser Financial Planning Inc Takes $301,000 Position in Exxon Mobil Co. (NYSE:XOM)

Elser Financial Planning Inc bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,802 shares of the oil and gas company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Silicon Valley Capital Partners lifted its stake in shares of Exxon Mobil by 21.1% in the 4th quarter. Silicon Valley Capital Partners now owns 88,139 shares of the oil and gas company’s stock valued at $9,481,000 after acquiring an additional 15,375 shares during the last quarter. Opal Wealth Advisors LLC lifted its stake in shares of Exxon Mobil by 5.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 9,841 shares of the oil and gas company’s stock valued at $1,059,000 after acquiring an additional 488 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $746,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $302,000. Finally, Wagner Wealth Management LLC lifted its stake in shares of Exxon Mobil by 4.5% in the 4th quarter. Wagner Wealth Management LLC now owns 14,293 shares of the oil and gas company’s stock valued at $1,538,000 after acquiring an additional 617 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $108.10 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $475.10 billion, a P/E ratio of 13.79, a PEG ratio of 2.94 and a beta of 0.89. The stock’s 50 day moving average is $109.02 and its 200 day moving average is $114.83. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company posted $2.48 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil 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 transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

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.