Summit Wealth & Retirement Planning Inc. Has $731,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Summit Wealth & Retirement Planning Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,797 shares of the oil and gas company’s stock after purchasing an additional 500 shares during the quarter. Exxon Mobil comprises about 0.2% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its 29th biggest holding. Summit Wealth & Retirement Planning Inc.’s holdings in Exxon Mobil were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC increased its holdings in shares of Exxon Mobil by 1.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock worth $830,000 after acquiring an additional 126 shares during the last quarter. Creative Planning increased its holdings in shares of Exxon Mobil by 0.5% during the 3rd quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock worth $211,140,000 after acquiring an additional 9,733 shares during the last quarter. Magnus Financial Group LLC increased its holdings in shares of Exxon Mobil by 37.8% during the 3rd quarter. Magnus Financial Group LLC now owns 55,842 shares of the oil and gas company’s stock worth $6,546,000 after acquiring an additional 15,309 shares during the last quarter. Regatta Capital Group LLC increased its holdings in shares of Exxon Mobil by 2.7% during the 3rd quarter. Regatta Capital Group LLC now owns 8,586 shares of the oil and gas company’s stock worth $1,006,000 after acquiring an additional 229 shares during the last quarter. Finally, QV Investors Inc. increased its holdings in shares of Exxon Mobil by 0.6% during the 3rd quarter. QV Investors Inc. now owns 41,611 shares of the oil and gas company’s stock worth $4,878,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was 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 directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.37 on Thursday. The stock has a fifty day moving average price of $109.16 and a 200-day moving average price of $114.88. The company has a market cap of $471.90 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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, equities analysts anticipate that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XOM. Truist Financial boosted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Bernstein Bank upped their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

About Exxon Mobil

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.