Walled Lake Planning & Wealth Management LLC Has $698,000 Position in Exxon Mobil Co. (NYSE:XOM)

Walled Lake Planning & Wealth Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,485 shares of the oil and gas company's stock after purchasing an additional 2,984 shares during the quarter. Walled Lake Planning & Wealth Management LLC's holdings in Exxon Mobil were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. United Bank boosted its stake in Exxon Mobil by 11.0% in the 4th quarter. United Bank now owns 19,888 shares of the oil and gas company's stock valued at $2,139,000 after buying an additional 1,968 shares in the last quarter. Life Planning Partners Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $13,457,000. American Money Management LLC grew its holdings in shares of Exxon Mobil by 51.9% in the 4th quarter. American Money Management LLC now owns 4,369 shares of the oil and gas company's stock worth $470,000 after purchasing an additional 1,493 shares during the last quarter. MV Capital Management Inc. boosted its position in Exxon Mobil by 1.5% in the fourth quarter. MV Capital Management Inc. now owns 11,918 shares of the oil and gas company's stock valued at $1,282,000 after buying an additional 175 shares in the last quarter. Finally, Allianz SE bought a new stake in Exxon Mobil during the fourth quarter worth about $20,896,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bernstein Bank upped their price target 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. Mizuho lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.05.

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Exxon Mobil Price Performance

Shares of XOM stock traded up $1.36 during trading on Monday, hitting $119.09. The company had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. The stock's 50-day moving average price is $110.73 and its 200 day moving average price is $113.74. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $516.73 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the firm posted $2.48 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.33%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

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 value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

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.