GW Henssler & Associates Ltd. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

GW Henssler & Associates Ltd. cut its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,126 shares of the oil and gas company's stock after selling 11,282 shares during the period. Exxon Mobil comprises about 1.9% of GW Henssler & Associates Ltd.'s portfolio, making the stock its 12th largest position. GW Henssler & Associates Ltd.'s holdings in Exxon Mobil were worth $28,907,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company's stock worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $5,226,390,000. Imprint Wealth LLC raised its holdings in shares of Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company's stock worth $1,130,434,000 after acquiring an additional 11,181,673 shares during the period. Morgan Stanley raised its holdings in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company's stock worth $5,788,398,000 after acquiring an additional 5,566,797 shares during the period. Finally, International Assets Investment Management LLC grew its position in Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company's stock valued at $491,678,000 after purchasing an additional 4,870,115 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XOM shares. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research report on Thursday. Mizuho reaffirmed a "neutral" rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday. They issued an "overweight" rating and a $147.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $126.00 to $138.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $131.44.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $1.42 during midday trading on Friday, hitting $120.37. The company's stock had a trading volume of 21,556,218 shares, compared to its average volume of 16,535,933. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a 50-day moving average price of $109.87 and a two-hundred day moving average price of $106.22. The company has a market cap of $477.61 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 4.26 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 during 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 business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.40 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.54 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil's payout ratio is presently 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business's 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 completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.06% of the company's stock.

About Exxon Mobil

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.