Plan Group Financial LLC Has $1.32 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Plan Group Financial LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 24.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,260 shares of the oil and gas company’s stock after acquiring an additional 2,233 shares during the period. Exxon Mobil accounts for about 0.7% of Plan Group Financial LLC’s holdings, making the stock its 28th largest position. Plan Group Financial LLC’s holdings in Exxon Mobil were worth $1,320,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

Shares of XOM opened at $120.27 on Thursday. The stock has a fifty day moving average price of $117.49 and a two-hundred day moving average price of $116.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market cap of $474.23 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.16%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XOM shares. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.44.

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.