GWN Securities Inc. Invests $6.38 Million in Exxon Mobil Co. (NYSE:XOM)

GWN Securities Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 58,729 shares of the oil and gas company’s stock, valued at approximately $6,380,000. Exxon Mobil comprises 1.7% of GWN Securities Inc.’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. FMR LLC raised its position in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC raised its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock valued at $3,427,237,000 after purchasing an additional 700,415 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 3.0 %

XOM stock opened at $111.98 on Friday. The stock has a market capitalization of $485.90 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $109.34 and a 200-day moving average price of $113.65. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.54%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.