Grant Private Wealth Management Inc Decreases Position in Exxon Mobil Corporation $XOM

Grant Private Wealth Management Inc decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 90.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,346 shares of the oil and gas company’s stock after selling 50,931 shares during the quarter. Grant Private Wealth Management Inc’s holdings in Exxon Mobil were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Algert Global LLC raised its position in Exxon Mobil by 8.9% in the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after buying an additional 1,895 shares during the last quarter. JT Stratford LLC lifted its stake in Exxon Mobil by 9.5% during the 1st quarter. JT Stratford LLC now owns 5,603 shares of the oil and gas company’s stock valued at $666,000 after acquiring an additional 485 shares during the period. Erste Asset Management GmbH boosted its holdings in shares of Exxon Mobil by 62.2% during the 1st quarter. Erste Asset Management GmbH now owns 36,650 shares of the oil and gas company’s stock valued at $4,315,000 after acquiring an additional 14,055 shares during the last quarter. Finally, Frisch Financial Group Inc. grew its stake in shares of Exxon Mobil by 12.6% in the first quarter. Frisch Financial Group Inc. now owns 11,777 shares of the oil and gas company’s stock worth $1,401,000 after acquiring an additional 1,320 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on XOM shares. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Bank of America dropped their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Piper Sandler lifted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Wells Fargo & Company increased their target price on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Finally, Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.45.

Exxon Mobil Price Performance

NYSE XOM opened at $117.28 on Thursday. The business’s fifty day moving average is $115.74 and its 200 day moving average is $112.52. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $494.57 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 7.24 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion for the quarter. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the transaction, the vice president directly owned 31,584 shares in the company, valued at $3,750,600. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

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.