S.E.E.D. Planning Group LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

S.E.E.D. Planning Group LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,155 shares of the oil and gas company’s stock after selling 116 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Exxon Mobil were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Randolph Co Inc boosted its stake in shares of Exxon Mobil by 114.5% in the fourth quarter. Randolph Co Inc now owns 224,992 shares of the oil and gas company’s stock worth $22,495,000 after acquiring an additional 120,086 shares during the last quarter. Jmac Enterprises LLC boosted its stake in shares of Exxon Mobil by 16.8% in the fourth quarter. Jmac Enterprises LLC now owns 11,126 shares of the oil and gas company’s stock worth $1,112,000 after acquiring an additional 1,602 shares during the last quarter. Argus Investors Counsel Inc. boosted its stake in shares of Exxon Mobil by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock worth $2,045,000 after acquiring an additional 100 shares during the last quarter. Plimoth Trust Co. LLC boosted its stake in shares of Exxon Mobil by 11.4% in the fourth quarter. Plimoth Trust Co. LLC now owns 29,470 shares of the oil and gas company’s stock worth $2,946,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Capasso Planning Partners LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $417,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $120.37 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s fifty day simple moving average is $109.87 and its 200-day simple moving average is $106.29. The firm has a market cap of $477.61 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.40 EPS. Equities analysts forecast that Exxon Mobil Co. will post 9.54 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen boosted their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $131.44.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

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.