Leavell Investment Management Inc. Has $7.16 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Leavell Investment Management Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,534 shares of the oil and gas company’s stock after purchasing an additional 1,288 shares during the period. Leavell Investment Management Inc.’s holdings in Exxon Mobil were worth $7,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rockline Wealth Management LLC lifted its position in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after buying an additional 4,578 shares in the last quarter. Helen Stephens Group LLC lifted its position in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group lifted its position in Exxon Mobil by 36.8% during the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after buying an additional 6,753 shares in the last quarter. Finally, Parthenon LLC lifted its position in Exxon Mobil by 2.4% during the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after buying an additional 4,445 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $108.17 on Friday. The company’s 50 day moving average price is $108.88 and its two-hundred day moving average price is $114.78. Exxon Mobil Co. has a 12-month low of $100.60 and a 12-month high of $126.34. The firm has a market cap of $475.42 billion, a PE ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XOM shares. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets dropped their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

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.