Creative Planning Has $122.14 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Creative Planning trimmed its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,398,917 shares of the oil and gas company’s stock after selling 77,092 shares during the period. Creative Planning’s holdings in Exxon Mobil were worth $122,139,000 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. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $1,807,000. WMG Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the last quarter. Polaris Wealth Advisory Group LLC grew its holdings in shares of Exxon Mobil by 3,880.2% in the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after purchasing an additional 200,102 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Exxon Mobil by 1.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock worth $134,296,000 after purchasing an additional 24,869 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its holdings in shares of Exxon Mobil by 8.5% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock worth $620,000 after purchasing an additional 566 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $113.81 on Wednesday. The company has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The firm’s 50 day simple moving average is $109.54 and its 200 day simple moving average is $101.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. Exxon Mobil Co. has a fifty-two week low of $71.39 and a fifty-two week high of $126.54.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period last year, the company posted $1.58 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.91 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 29.71%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup upped their target price on shares of Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Morgan Stanley increased their price objective on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.35.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $2,801,850.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.