GeoWealth Management LLC Has $2.54 Million Position in Exxon Mobil Co. (NYSE:XOM)

GeoWealth Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,638 shares of the oil and gas company's stock after selling 2,860 shares during the quarter. GeoWealth Management LLC's holdings in Exxon Mobil were worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after acquiring an additional 521,932 shares during the period. McIlrath & Eck LLC increased its stake in Exxon Mobil by 7.4% during the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock valued at $657,000 after purchasing an additional 387 shares in the last quarter. Passumpsic Savings Bank lifted its stake in shares of Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock valued at $424,000 after buying an additional 1,214 shares in the last quarter. Advisory Resource Group increased its position in shares of Exxon Mobil by 3.0% during the third quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock worth $5,123,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock worth $1,518,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $106.84 on Friday. The firm has a market capitalization of $462.12 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $109.82 and a 200 day moving average of $112.81. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 quarter in the prior year, the firm earned $2.48 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.75.

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.

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