Griffith & Werner Inc. Acquires 6,304 Shares of Exxon Mobil Co. (NYSE:XOM)

Griffith & Werner Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,209 shares of the oil and gas company's stock after buying an additional 6,304 shares during the period. Exxon Mobil makes up approximately 3.9% of Griffith & Werner Inc.'s investment portfolio, making the stock its 3rd largest position. Griffith & Werner Inc.'s holdings in Exxon Mobil were worth $6,328,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XOM. Tallon Kerry Patrick acquired a new stake in Exxon Mobil during the fourth quarter worth about $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the fourth quarter worth about $48,348,000. Rockline Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after acquiring an additional 1,498 shares during the last quarter. Verity Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 4.7% in the fourth quarter. Verity Asset Management Inc. now owns 3,588 shares of the oil and gas company's stock worth $386,000 after acquiring an additional 161 shares during the last quarter. Finally, Sloy Dahl & Holst LLC lifted its holdings in shares of Exxon Mobil by 78.1% in the fourth quarter. Sloy Dahl & Holst LLC now owns 7,906 shares of the oil and gas company's stock worth $850,000 after acquiring an additional 3,468 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.4%

Exxon Mobil stock opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a 50 day moving average price of $105.42 and a two-hundred day moving average price of $109.11. The firm has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business earned $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Company 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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