Griffith & Werner Inc. Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

Griffith & Werner Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,905 shares of the oil and gas company's stock, valued at approximately $5,046,000. Exxon Mobil accounts for approximately 3.3% of Griffith & Werner Inc.'s portfolio, making the stock its 10th biggest holding.

Other large investors have also modified their holdings of the company. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter valued at $36,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Clarity Asset Management Inc. grew its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.1%

Shares of XOM opened at $103.11 on Friday. The stock has a 50-day moving average price of $108.26 and a 200 day moving average price of $110.40. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $444.36 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.02 and a beta of 0.51. 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 (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period last year, the company posted $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday. Piper Sandler cut their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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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