Gleason Group Inc. Acquires 156 Shares of Exxon Mobil Co. (NYSE:XOM)

Gleason Group Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,453 shares of the oil and gas company’s stock after buying an additional 156 shares during the quarter. Exxon Mobil makes up about 0.4% of Gleason Group Inc.’s holdings, making the stock its 24th largest holding. Gleason Group Inc.’s holdings in Exxon Mobil were worth $1,645,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in XOM. Axiom Financial Strategies LLC grew its position in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $275,000. Loomis Sayles & Co. L P increased its holdings in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC raised its position in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil during the first quarter worth approximately $237,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Piper Sandler dropped their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. UBS Group lowered their price target on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.18.

Get Our Latest Stock Report on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil 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 sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

XOM opened at $116.24 on Friday. The company has a market cap of $461.22 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 4.26 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The company’s fifty day moving average price is $106.11 and its two-hundred day moving average price is $106.04.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.40 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is currently 42.74%.

About Exxon Mobil

(Free Report)

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

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