Gries Financial LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Gries Financial LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,047 shares of the oil and gas company’s stock after purchasing an additional 1,900 shares during the quarter. Gries Financial LLC’s holdings in Exxon Mobil were worth $998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Price T Rowe Associates Inc. MD grew its holdings in Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares during the period. FMR LLC grew its holdings in Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after purchasing an additional 17,521,080 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Exxon Mobil by 1,505.5% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after purchasing an additional 9,124,095 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Exxon Mobil in the third quarter worth about $347,253,000. Finally, Legal & General Group Plc grew its holdings in Exxon Mobil by 14.3% in the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Argus upped their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Citigroup upped their target price on shares of Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. Cowen upped their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Bank of America upped their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Finally, Barclays upped their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $121.64.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $99.84 on Friday. The firm has a fifty day moving average price of $111.74 and a 200-day moving average price of $106.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The stock has a market cap of $406.45 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.46 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $78.10 and a 1 year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.05 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.