Valmark Advisers Inc. Purchases 11,013 Shares of Exxon Mobil Co. (NYSE:XOM)

Valmark Advisers Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,009 shares of the oil and gas company's stock after buying an additional 11,013 shares during the quarter. Valmark Advisers Inc.'s holdings in Exxon Mobil were worth $6,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its position in Exxon Mobil by 8.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 131,683 shares of the oil and gas company's stock worth $15,436,000 after purchasing an additional 10,075 shares during the period. Plimoth Trust Co. LLC boosted its position in Exxon Mobil by 11.6% during the third quarter. Plimoth Trust Co. LLC now owns 48,827 shares of the oil and gas company's stock worth $5,724,000 after purchasing an additional 5,057 shares during the period. Community Financial Services Group LLC boosted its position in Exxon Mobil by 1.9% during the third quarter. Community Financial Services Group LLC now owns 168,384 shares of the oil and gas company's stock worth $19,738,000 after purchasing an additional 3,113 shares during the period. Evernest Financial Advisors LLC boosted its position in Exxon Mobil by 59.6% during the third quarter. Evernest Financial Advisors LLC now owns 13,764 shares of the oil and gas company's stock worth $1,613,000 after purchasing an additional 5,139 shares during the period. Finally, Roof Eidam Maycock Peralta LLC boosted its position in Exxon Mobil by 3.3% during the third quarter. Roof Eidam Maycock Peralta LLC now owns 13,043 shares of the oil and gas company's stock worth $1,529,000 after purchasing an additional 420 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Scotiabank dropped their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.25.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $1.07 during midday trading on Friday, reaching $110.93. The company's stock had a trading volume of 6,333,360 shares, compared to its average volume of 14,753,410. Exxon Mobil Co. has a 52 week low of $102.88 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $108.60 and a 200-day moving average price of $114.52. The stock has a market cap of $487.57 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 posted $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, 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 the SEC website. Company insiders own 0.03% of the company's stock.

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.