Total Wealth Planning & Management Inc. Invests $1.73 Million in ExxonMobil Corporation $XOM

Total Wealth Planning & Management Inc. purchased a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,368 shares of the oil and gas company’s stock, valued at approximately $1,729,000. ExxonMobil makes up about 1.3% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 13th biggest holding.

A number of other large investors also recently modified their holdings of XOM. Eagle Capital Management LLC lifted its holdings in shares of ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of ExxonMobil during the first quarter worth approximately $305,000. Sivia Capital Partners LLC lifted its holdings in shares of ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares during the last quarter. United Bank lifted its holdings in shares of ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Performance

XOM opened at $152.12 on Friday. The stock has a market cap of $630.51 billion, a PE ratio of 25.65, a P/E/G ratio of 0.66 and a beta of 0.16. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1 year low of $101.73 and a 1 year high of $176.41. The stock’s 50 day simple moving average is $154.22 and its 200-day simple moving average is $141.21.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 11.66 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil’s payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. UBS Group upped their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group upped their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, Barclays boosted their price objective on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $165.55.

Read Our Latest Report on XOM

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

About ExxonMobil

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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