Griffith & Werner Inc. Has $6.33 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Griffith & Werner Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,209 shares of the oil and gas company’s stock after acquiring an additional 6,304 shares during the quarter. Exxon Mobil accounts for approximately 3.9% of Griffith & Werner Inc.’s portfolio, making the stock its 3rd largest position. Griffith & Werner Inc.’s holdings in Exxon Mobil were worth $6,328,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on XOM shares. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $104.29 on Friday. The company’s 50-day moving average is $105.42 and its 200 day moving average is $109.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

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.