Gilliland Jeter Wealth Management LLC Buys New Shares in Exxon Mobil Co. (NYSE:XOM)

Gilliland Jeter Wealth Management LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,109 shares of the oil and gas company’s stock, valued at approximately $1,611,000.

A number of other large investors also recently bought and sold shares of XOM. Roberts Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 1.0% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,326 shares of the oil and gas company’s stock worth $1,685,000 after purchasing an additional 148 shares during the period. Argus Investors Counsel Inc. grew its stake in Exxon Mobil by 1.5% during the third quarter. Argus Investors Counsel Inc. now owns 20,350 shares of the oil and gas company’s stock worth $2,393,000 after buying an additional 300 shares during the period. Summit Financial Group Inc. increased its position in shares of Exxon Mobil by 8.8% in the third quarter. Summit Financial Group Inc. now owns 49,361 shares of the oil and gas company’s stock worth $5,804,000 after acquiring an additional 4,002 shares in the last quarter. S.E.E.D. Planning Group LLC raised its stake in shares of Exxon Mobil by 90.0% in the 3rd quarter. S.E.E.D. Planning Group LLC now owns 4,271 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 2,023 shares during the period. Finally, New Hampshire Trust lifted its holdings in shares of Exxon Mobil by 0.4% during the 3rd quarter. New Hampshire Trust now owns 49,111 shares of the oil and gas company’s stock valued at $5,774,000 after acquiring an additional 191 shares in the last quarter. 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 completion of the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 2.8 %

Shares of XOM traded down $3.37 during midday trading on Friday, hitting $117.96. The company had a trading volume of 27,289,468 shares, compared to its average volume of 16,002,832. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company’s 50 day moving average price is $113.33 and its 200 day moving average price is $106.64. The stock has a market cap of $466.92 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the firm earned $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Wells Fargo & Company raised their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. UBS Group upped their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.28.

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.