WealthPLAN Partners LLC Has $10.84 Million Position in Exxon Mobil Co. (XOM)
WealthPLAN Partners LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,779 shares of the oil and gas company’s stock after acquiring an additional 5,320 shares during the quarter. Exxon Mobil comprises approximately 2.0% of WealthPLAN Partners LLC’s holdings, making the stock its 7th biggest position. WealthPLAN Partners LLC’s holdings in Exxon Mobil were worth $10,836,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of XOM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Exxon Mobil by 5.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,145 shares of the oil and gas company’s stock valued at $1,033,000 after acquiring an additional 620 shares during the last quarter. Peachtree Investment Advisors Inc. boosted its position in shares of Exxon Mobil by 7.1% during the 3rd quarter. Peachtree Investment Advisors Inc. now owns 9,401 shares of the oil and gas company’s stock valued at $799,000 after acquiring an additional 625 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in shares of Exxon Mobil by 1.3% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 47,669 shares of the oil and gas company’s stock valued at $4,053,000 after acquiring an additional 630 shares during the last quarter. Weatherstone Capital Management boosted its position in shares of Exxon Mobil by 9.9% during the 3rd quarter. Weatherstone Capital Management now owns 7,112 shares of the oil and gas company’s stock valued at $605,000 after acquiring an additional 643 shares during the last quarter. Finally, Breiter Capital Management Inc. boosted its position in shares of Exxon Mobil by 7.3% during the 3rd quarter. Breiter Capital Management Inc. now owns 9,547 shares of the oil and gas company’s stock valued at $812,000 after acquiring an additional 649 shares during the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.
Shares of XOM opened at $80.15 on Friday. The firm has a market capitalization of $339.63 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.19 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 0.10.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.09%. Exxon Mobil’s payout ratio is 66.53%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the sale, the vice president now owns 223,461 shares in the company, valued at $16,276,899.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
A number of research firms have recently commented on XOM. HSBC reiterated a “buy” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Wednesday, February 20th. Zacks Investment Research restated a “hold” rating on shares of Exxon Mobil in a research report on Saturday, November 17th. Raymond James restated a “sell” rating on shares of Exxon Mobil in a research report on Tuesday, December 11th. Societe Generale lowered their price target on Exxon Mobil from $92.00 to $84.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Finally, Barclays set a $82.00 price target on Exxon Mobil and gave the stock a “sell” rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $84.52.
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Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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