Mark Sheptoff Financial Planning LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Mark Sheptoff Financial Planning LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 10.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,492 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Exxon Mobil were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in Exxon Mobil during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $116.02 on Friday. The stock has a market capitalization of $457.47 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.38 and a beta of 0.90. 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 1 year low of $95.77 and a 1 year high of $123.75. The company’s fifty day moving average is $115.84 and its two-hundred day moving average is $115.25.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XOM shares. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday. Morgan Stanley decreased their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.76.

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.