Landing Point Financial Group LLC Makes New $888,000 Investment in Exxon Mobil Co. (NYSE:XOM)

Landing Point Financial Group LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,274 shares of the oil and gas company’s stock, valued at approximately $888,000. Exxon Mobil comprises about 0.7% of Landing Point Financial Group LLC’s portfolio, making the stock its 20th largest position.

A number of other institutional investors have also made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. UBS Group lowered their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.75.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $106.84 on Friday. The firm has a market capitalization of $462.12 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The stock has a fifty day moving average price of $109.82 and a two-hundred day moving average price of $112.75. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $2.48 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.