Spire Wealth Management Has $11.75 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Spire Wealth Management raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,229 shares of the oil and gas company’s stock after acquiring an additional 3,490 shares during the period. Spire Wealth Management’s holdings in Exxon Mobil were worth $11,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of XOM. PDS Planning Inc boosted its position in shares of Exxon Mobil by 1.6% during the third quarter. PDS Planning Inc now owns 17,792 shares of the oil and gas company’s stock worth $2,092,000 after buying an additional 279 shares during the period. Cavalier Investments LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $1,762,000. Mcdaniel Terry & Co. raised its holdings in shares of Exxon Mobil by 9.4% in the third quarter. Mcdaniel Terry & Co. now owns 54,963 shares of the oil and gas company’s stock valued at $6,463,000 after purchasing an additional 4,700 shares during the last quarter. Armor Investment Advisors LLC lifted its position in shares of Exxon Mobil by 1.3% in the third quarter. Armor Investment Advisors LLC now owns 16,543 shares of the oil and gas company’s stock worth $1,945,000 after purchasing an additional 207 shares in the last quarter. Finally, Carderock Capital Management Inc. lifted its position in shares of Exxon Mobil by 37.2% in the third quarter. Carderock Capital Management Inc. now owns 4,363 shares of the oil and gas company’s stock worth $513,000 after purchasing an additional 1,183 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

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

Exxon Mobil Stock Performance

XOM stock traded down $0.24 during mid-day trading on Friday, hitting $116.00. 28,023,313 shares of the company were exchanged, compared to its average volume of 18,518,412. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market capitalization of $457.39 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The business has a 50 day simple moving average of $114.65 and a 200-day simple moving average of $106.89. 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 released its quarterly earnings results 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 return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is presently 46.57%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil 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.