Exxon Mobil Corporation (NYSE:XOM) Stake Increased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,230 shares of the oil and gas company's stock after purchasing an additional 2,329 shares during the quarter. Exxon Mobil comprises about 1.6% of Total Wealth Planning & Management Inc.'s holdings, making the stock its 8th biggest holding. Total Wealth Planning & Management Inc.'s holdings in Exxon Mobil were worth $1,692,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $6,936,737,000. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after acquiring an additional 4,140,046 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after acquiring an additional 1,293,111 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday. Finally, TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.10.

Exxon Mobil Price Performance

NYSE XOM opened at $109.40 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $471.49 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 2.12 and a beta of 0.49. The company's 50 day moving average is $107.04 and its two-hundred day moving average is $108.48. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

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.

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