Glassy Mountain Advisors Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Glassy Mountain Advisors Inc. purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 964 shares of the oil and gas company’s stock, valued at approximately $106,000.

A number of other large investors also recently added to or reduced their stakes in XOM. CTC Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at $1,807,000. WMG Financial Advisors LLC raised its stake in shares of Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 108 shares in the last quarter. Polaris Wealth Advisory Group LLC raised its stake in shares of Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its stake in shares of Exxon Mobil by 0.8% in the third quarter. Newman Dignan & Sheerar Inc. now owns 19,236 shares of the oil and gas company’s stock valued at $1,680,000 after acquiring an additional 147 shares in the last quarter. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at $2,870,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $99.84 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The company has a market cap of $406.45 billion, a P/E ratio of 7.53, a PEG ratio of 0.43 and a beta of 1.09. Exxon Mobil Co. has a 52 week low of $78.10 and a 52 week high of $119.63. The company has a 50-day moving average price of $111.74 and a 200 day moving average price of $106.50.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. Research analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s payout ratio is currently 27.45%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XOM shares. StockNews.com started coverage on Exxon Mobil in a report on Thursday. They issued a “hold” rating on the stock. Bank of America increased their target price on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. HSBC increased their target price on Exxon Mobil to $111.00 in a report on Friday, December 2nd. Piper Sandler dropped their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Finally, Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.64.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.