Retirement Planning Group LLC Cuts Stock Position in Exxon Mobil Corporation $XOM

Retirement Planning Group LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,844 shares of the oil and gas company’s stock after selling 561 shares during the period. Retirement Planning Group LLC’s holdings in Exxon Mobil were worth $2,031,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.78 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The firm has a market cap of $493.58 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.03 and a beta of 0.51. The business’s fifty day moving average is $112.41 and its 200 day moving average is $109.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.