Retirement Planning Group LLC NY Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

Retirement Planning Group LLC NY bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,336 shares of the oil and gas company's stock, valued at approximately $1,219,000. Exxon Mobil comprises approximately 1.3% of Retirement Planning Group LLC NY's holdings, making the stock its 24th biggest holding.

Several other hedge funds also recently bought and sold shares of XOM. Pinney & Scofield Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $340,000. University of Texas Texas AM Investment Management Co. boosted its holdings in Exxon Mobil by 2,334.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 36,226 shares of the oil and gas company's stock valued at $3,897,000 after acquiring an additional 34,738 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $2,318,000. WCG Wealth Advisors LLC increased its stake in Exxon Mobil by 0.3% during the fourth quarter. WCG Wealth Advisors LLC now owns 51,628 shares of the oil and gas company's stock worth $5,554,000 after purchasing an additional 135 shares during the period. Finally, Pacific Point Advisors LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $886,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their price target on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Finally, Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 0.7%

Shares of NYSE XOM traded down $0.67 during mid-day trading on Wednesday, reaching $102.85. The company had a trading volume of 6,543,728 shares, compared to its average volume of 16,427,691. The firm has a 50 day simple moving average of $107.77 and a two-hundred day simple moving average of $110.08. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $443.23 billion, a P/E ratio of 13.12, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 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.