Great Lakes Retirement Inc. Acquires 798 Shares of Exxon Mobil Co. (NYSE:XOM)

Great Lakes Retirement Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the oil and gas company’s stock after buying an additional 798 shares during the period. Great Lakes Retirement Inc.’s holdings in Exxon Mobil were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. KB Financial Partners LLC bought a new stake in Exxon Mobil in the first quarter worth $27,000. IMA Wealth Inc. lifted its stake in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. increased its stake in Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. bought a new stake in Exxon Mobil in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 1.1 %

Shares of XOM opened at $116.24 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company’s fifty day moving average is $105.34 and its 200 day moving average is $105.96. The stock has a market capitalization of $461.22 billion, a PE ratio of 13.08, a P/E/G ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter last year, the firm earned $3.40 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Tuesday, January 23rd. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, 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. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

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.