Asset Planning Services Inc. LA ADV Raises Position in Exxon Mobil Co. (NYSE:XOM)

Asset Planning Services Inc. LA ADV grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,580 shares of the oil and gas company’s stock after buying an additional 450 shares during the quarter. Exxon Mobil accounts for approximately 2.7% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 19th largest holding. Asset Planning Services Inc. LA ADV’s holdings in Exxon Mobil were worth $5,441,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vertex Planning Partners LLC boosted its holdings in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC grew its position in Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC raised its holdings in shares of Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 88 shares during the last quarter. Finally, West Oak Capital LLC lifted its stake in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $108.64 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $477.48 billion, a PE ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a one year low of $99.61 and a one year high of $126.34. The firm has a fifty day moving average of $111.56 and a 200 day moving average of $115.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. 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 3.65%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $128.84.

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.