IFP Advisors Inc Increases Stake in Exxon Mobil Co. (NYSE:XOM)

IFP Advisors Inc lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 17.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,490 shares of the oil and gas company’s stock after purchasing an additional 25,515 shares during the period. Exxon Mobil accounts for approximately 0.6% of IFP Advisors Inc’s holdings, making the stock its 27th largest position. IFP Advisors Inc’s holdings in Exxon Mobil were worth $18,663,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XOM. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter worth $47,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the fourth quarter valued at about $48,000. Finally, Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $51,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Scotiabank lowered their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $109.43 on Thursday. The stock has a 50 day moving average price of $108.75 and a 200 day moving average price of $114.34. Exxon Mobil Co. has a 52-week low of $103.85 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $474.84 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company earned $2.48 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

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.