Seven Springs Wealth Group LLC Buys 2,747 Shares of Exxon Mobil Co. (NYSE:XOM)

Seven Springs Wealth Group LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 60.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,272 shares of the oil and gas company's stock after buying an additional 2,747 shares during the quarter. Seven Springs Wealth Group LLC's holdings in Exxon Mobil were worth $782,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Guardian Wealth Management Inc. raised its holdings in Exxon Mobil by 10.9% in the 4th quarter. Guardian Wealth Management Inc. now owns 1,086 shares of the oil and gas company's stock worth $117,000 after acquiring an additional 107 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Exxon Mobil by 1.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 247,780 shares of the oil and gas company's stock worth $26,654,000 after buying an additional 3,998 shares during the period. Burling Wealth Partners LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $1,649,000. Syon Capital LLC boosted its position in shares of Exxon Mobil by 2.6% during the fourth quarter. Syon Capital LLC now owns 80,884 shares of the oil and gas company's stock worth $8,701,000 after acquiring an additional 2,063 shares during the last quarter. Finally, MGO One Seven LLC boosted its holdings in shares of Exxon Mobil by 19.6% during the 4th quarter. MGO One Seven LLC now owns 107,529 shares of the oil and gas company's stock valued at $11,567,000 after purchasing an additional 17,610 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays reduced their target price on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $126.50.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM opened at $107.40 on Thursday. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $464.51 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.02 and a beta of 0.61. The company's fifty day simple moving average is $109.77 and its 200 day simple moving average is $112.48. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 earnings per share. On average, research analysts forecast that Exxon Mobil Co. 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 was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Exxon Mobil Profile

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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