Exxon Mobil Co. (NYSE:XOM) Shares Sold by Capital Planning Advisors LLC

Capital Planning Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 24.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,976 shares of the oil and gas company’s stock after selling 1,885 shares during the period. Capital Planning Advisors LLC’s holdings in Exxon Mobil were worth $643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at about $46,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth approximately $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Finally, TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.64 on Friday. The firm’s 50 day moving average is $111.56 and its two-hundred day moving average is $115.38. The firm has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $99.61 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.65%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.