Essential Planning LLC. Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Essential Planning LLC. increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6,230.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,322 shares of the oil and gas company's stock after acquiring an additional 111,532 shares during the quarter. Essential Planning LLC.'s holdings in Exxon Mobil were worth $13,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $109.06 on Wednesday. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The stock's 50-day moving average is $109.20 and its 200 day moving average is $113.80. The company has a market cap of $473.24 billion, a P/E ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

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Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company posted $2.48 EPS. Research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XOM shares. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. 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 report on Friday, January 31st. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $129.25.

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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