Falcon Wealth Planning Purchases 717 Shares of Exxon Mobil Co. (NYSE:XOM)

Falcon Wealth Planning lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 24.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,699 shares of the oil and gas company’s stock after buying an additional 717 shares during the period. Falcon Wealth Planning’s holdings in Exxon Mobil were worth $398,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aspire Capital Advisors LLC raised its position in Exxon Mobil by 2.8% in the fourth quarter. Aspire Capital Advisors LLC now owns 6,415 shares of the oil and gas company’s stock worth $690,000 after acquiring an additional 173 shares during the period. Tamar Securities LLC lifted its stake in Exxon Mobil by 3.9% in the fourth quarter. Tamar Securities LLC now owns 158,576 shares of the oil and gas company’s stock valued at $17,058,000 after purchasing an additional 6,020 shares during the last quarter. Jeppson Wealth Management LLC increased its position in Exxon Mobil by 1.2% in the fourth quarter. Jeppson Wealth Management LLC now owns 54,927 shares of the oil and gas company’s stock worth $5,908,000 after buying an additional 655 shares during the last quarter. KFA Private Wealth Group LLC raised its stake in shares of Exxon Mobil by 15.8% in the fourth quarter. KFA Private Wealth Group LLC now owns 6,593 shares of the oil and gas company’s stock valued at $709,000 after buying an additional 899 shares during the period. Finally, VCI Wealth Management LLC increased its holdings in Exxon Mobil by 0.9% in the 4th quarter. VCI Wealth Management LLC now owns 21,362 shares of the oil and gas company’s stock worth $2,298,000 after acquiring an additional 193 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 2.5 %

Shares of NYSE XOM opened at $106.82 on Friday. The stock has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The firm’s 50 day simple moving average is $110.66 and its two-hundred day simple moving average is $115.29.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the previous year, the firm posted $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XOM shares. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday. Morgan Stanley raised their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday. BMO Capital Markets cut their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.30.

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.