WealthPlan Investment Management LLC Buys 7,301 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• WealthPlan Investment Management LLC increased its stake in Exxon Mobil by 48.9%, acquiring an additional 7,301 shares during the first quarter, bringing its total holdings to 22,236 shares valued at approximately $2.645 million.
• Exxon Mobil's latest quarterly earnings surpassed analysts' expectations, reporting $1.64 earnings per share and a revenue of $81.51 billion, although the revenue reflected a 12.4% decline year-over-year.
• The company has declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.7%, with the dividend payout ratio being 56.25%.

WealthPlan Investment Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,236 shares of the oil and gas company's stock after acquiring an additional 7,301 shares during the quarter. WealthPlan Investment Management LLC's holdings in Exxon Mobil were worth $2,645,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the first quarter worth about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $32,000. Cloud Capital Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $45,000. Finally, Clarity Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Stock Performance

NYSE XOM opened at $106.56 on Thursday. The stock's fifty day moving average is $109.73 and its two-hundred day moving average is $109.05. The firm has a market capitalization of $454.28 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.53. 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 fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

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.

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