Gilliland Jeter Wealth Management LLC Acquires Shares of 16,109 Exxon Mobil Co. (NYSE:XOM)

Gilliland Jeter Wealth Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 16,109 shares of the oil and gas company’s stock, valued at approximately $1,611,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Keener Financial Planning LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $80,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $91,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Exxon Mobil in the third quarter worth about $92,000. TFO Wealth Partners LLC boosted its position in Exxon Mobil by 118.5% during the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 525 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its stake in Exxon Mobil by 851.6% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. UBS Group lifted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Truist Financial lifted their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Trading Down 2.8 %

NYSE:XOM traded down $3.37 during trading hours on Friday, reaching $117.96. 27,289,468 shares of the stock were exchanged, compared to its average volume of 16,002,832. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The business has a 50-day moving average of $113.33 and a two-hundred day moving average of $106.64. The company has a market capitalization of $466.92 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.83 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

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.