New England Professional Planning Group Inc. Has $1.10 Million Stake in Exxon Mobil Corporation $XOM

New England Professional Planning Group Inc. cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,155 shares of the oil and gas company’s stock after selling 415 shares during the quarter. Exxon Mobil comprises about 0.5% of New England Professional Planning Group Inc.’s holdings, making the stock its 7th biggest holding. New England Professional Planning Group Inc.’s holdings in Exxon Mobil were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Seamount Financial Group Inc. raised its holdings in Exxon Mobil by 154.0% in the 2nd quarter. Seamount Financial Group Inc. now owns 21,467 shares of the oil and gas company’s stock worth $2,314,000 after purchasing an additional 13,017 shares in the last quarter. SteelPeak Wealth LLC grew its position in shares of Exxon Mobil by 90.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 73,603 shares of the oil and gas company’s stock worth $7,934,000 after buying an additional 34,882 shares during the period. Motiv8 Investments LLC increased its stake in shares of Exxon Mobil by 8.7% in the 2nd quarter. Motiv8 Investments LLC now owns 17,968 shares of the oil and gas company’s stock worth $1,937,000 after acquiring an additional 1,435 shares in the last quarter. KPP Advisory Services LLC lifted its position in Exxon Mobil by 2.7% during the 2nd quarter. KPP Advisory Services LLC now owns 33,057 shares of the oil and gas company’s stock valued at $3,564,000 after acquiring an additional 871 shares during the period. Finally, Capital Advisors Inc. OK lifted its position in Exxon Mobil by 3.1% during the 2nd quarter. Capital Advisors Inc. OK now owns 737,381 shares of the oil and gas company’s stock valued at $79,490,000 after acquiring an additional 21,843 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $124.26. The business has a 50-day simple moving average of $111.28 and a two-hundred day simple moving average of $109.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $486.35 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the firm earned $2.14 EPS. Exxon Mobil’s revenue was down 12.4% on a year-over-year basis. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Barclays lowered their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Mizuho lowered their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.79.

Exxon Mobil 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.