Sheets Smith Wealth Management Has $10.23 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Sheets Smith Wealth Management reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,283 shares of the oil and gas company’s stock after selling 9,410 shares during the quarter. Exxon Mobil comprises 1.2% of Sheets Smith Wealth Management’s portfolio, making the stock its 17th biggest position. Sheets Smith Wealth Management’s holdings in Exxon Mobil were worth $10,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Evergreen Wealth Management LLC lifted its position in Exxon Mobil by 1.7% in the 4th quarter. Evergreen Wealth Management LLC now owns 12,495 shares of the oil and gas company’s stock valued at $1,249,000 after acquiring an additional 206 shares in the last quarter. SYM FINANCIAL Corp increased its position in shares of Exxon Mobil by 16.9% in the fourth quarter. SYM FINANCIAL Corp now owns 3,849 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 556 shares during the last quarter. Kerntke Otto McGlone Wealth Management Group grew its stake in Exxon Mobil by 4.6% in the fourth quarter. Kerntke Otto McGlone Wealth Management Group now owns 10,227 shares of the oil and gas company’s stock valued at $1,023,000 after purchasing an additional 449 shares in the last quarter. NavPoint Financial Inc. acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $774,000. Finally, NTV Asset Management LLC raised its stake in shares of Exxon Mobil by 1.4% during the 4th quarter. NTV Asset Management LLC now owns 69,455 shares of the oil and gas company’s stock worth $6,944,000 after purchasing an additional 949 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho restated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. UBS Group lifted 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. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Eight 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE:XOM traded down $0.24 during mid-day trading on Friday, hitting $116.00. 28,023,313 shares of the company traded hands, compared to its average volume of 18,518,412. The stock has a 50-day moving average price of $114.65 and a two-hundred day moving average price of $106.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $457.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.83 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.