Grant GrossMendelsohn LLC Sells 559 Shares of Exxon Mobil Co. (NYSE:XOM)

Grant GrossMendelsohn LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,095 shares of the oil and gas company’s stock after selling 559 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Grant GrossMendelsohn LLC’s holdings, making the stock its 22nd biggest holding. Grant GrossMendelsohn LLC’s holdings in Exxon Mobil were worth $2,221,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wealthquest Corp grew its holdings in shares of Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after purchasing an additional 89 shares during the last quarter. FourThought Financial LLC grew its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock worth $2,709,000 after acquiring an additional 94 shares during the last quarter. Wilson & Boucher Capital Management LLC grew its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock worth $475,000 after acquiring an additional 95 shares during the last quarter. Blooom Inc. grew its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after acquiring an additional 97 shares during the last quarter. Finally, OneAscent Wealth Management LLC grew its holdings in Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Argus increased their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. B. Riley upped their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $99.84 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The company has a market capitalization of $406.45 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The company’s 50 day moving average price is $111.74 and its two-hundred day moving average price is $106.50. Exxon Mobil Co. has a 52 week low of $78.10 and a 52 week high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion for 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 business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. On average, analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Exxon Mobil Profile

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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.