WealthPlan Investment Management LLC Raises Stake in Exxon Mobil Corporation $XOM

Key Points

• WealthPlan Investment Management LLC increased its stake in Exxon Mobil Corporation by 52.9% during the second quarter, now owning 33,996 shares valued at approximately $3,665,000.
• Exxon Mobil recently paid a quarterly dividend of $0.99 per share, translating to an annual yield of 3.5%, with a payout ratio of 56.25%.
• Analysts have mixed ratings on XOM, with a consensus of "Moderate Buy" and an average target price of $127.58 as numerous firms adjust their price estimates.

WealthPlan Investment Management LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,996 shares of the oil and gas company's stock after buying an additional 11,760 shares during the period. WealthPlan Investment Management LLC's holdings in Exxon Mobil were worth $3,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $112.20 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market cap of $478.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. The stock has a 50 day simple moving average of $111.83 and a 200-day simple moving average of $109.19. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company began coverage on Exxon Mobil in a research note on Friday. They set an "overweight" rating and a $156.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $127.58.

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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