Keystone Financial Planning Inc. Sells 227 Shares of Exxon Mobil Co. (NYSE:XOM)

Keystone Financial Planning Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,944 shares of the oil and gas company’s stock after selling 227 shares during the period. Exxon Mobil accounts for approximately 1.8% of Keystone Financial Planning Inc.’s portfolio, making the stock its 16th largest position. Keystone Financial Planning Inc.’s holdings in Exxon Mobil were worth $5,854,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of 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 worth $43,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $130.37.

Exxon Mobil Stock Down 1.6 %

XOM opened at $114.95 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $117.67 and a 200-day moving average price of $116.35. The stock has a market capitalization of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 8.01 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.44%. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

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.