Griffith & Werner Inc. Buys New Holdings in Exxon Mobil Corporation $XOM

Griffith & Werner Inc. purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,053 shares of the oil and gas company’s stock, valued at approximately $6,981,000. Exxon Mobil comprises about 3.7% of Griffith & Werner Inc.’s holdings, making the stock its 4th biggest holding.

Other large investors have also made changes to their positions in the company. Westfuller Advisors LLC purchased a new stake in Exxon Mobil in the third quarter valued at $30,000. Bare Financial Services Inc lifted its holdings in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC purchased a new stake in shares of Exxon Mobil in the third quarter worth about $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

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Exxon Mobil Price Performance

Exxon Mobil stock opened at $151.65 on Wednesday. The stock has a market capitalization of $631.89 billion, a P/E ratio of 22.67, a P/E/G ratio of 16.00 and a beta of 0.35. The company’s fifty day moving average price is $137.00 and its 200 day moving average price is $122.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s payout ratio is presently 61.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler decreased their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. TD Cowen lifted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a research report on Tuesday, February 3rd. Finally, Morgan Stanley decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.41.

View Our Latest Stock Report on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 16,380 shares of company stock valued at $2,227,734. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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