Waller Financial Planning Group Inc. Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Waller Financial Planning Group Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,534 shares of the oil and gas company’s stock after buying an additional 341 shares during the period. Waller Financial Planning Group Inc.’s holdings in Exxon Mobil were worth $380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.7 %

Shares of XOM stock traded up $0.79 during mid-day trading on Friday, hitting $108.10. The stock had a trading volume of 4,648,113 shares, compared to its average volume of 8,451,787. The firm has a market capitalization of $475.11 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm’s 50-day moving average is $114.69 and its two-hundred day moving average is $115.77.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Truist Financial decreased their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

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.