Life Planning Partners Inc Takes $13.46 Million Position in Exxon Mobil Co. (NYSE:XOM)

Life Planning Partners Inc acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 125,099 shares of the oil and gas company's stock, valued at approximately $13,457,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $48,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.1 %

NYSE XOM traded up $0.16 on Wednesday, reaching $110.30. The company had a trading volume of 10,958,830 shares, compared to its average volume of 14,979,422. The firm has a market capitalization of $484.76 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1-year low of $102.64 and a 1-year high of $126.34. The company's fifty day moving average is $108.60 and its 200-day moving average is $114.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's payout ratio is presently 50.51%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on shares of 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, Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $129.25.

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.