GWN Securities Inc. Acquires $6.38 Million Stake in Exxon Mobil

GWN Securities Inc. has made a significant investment in Exxon Mobil Co. (NYSE:XOM) during the fourth quarter, as revealed in their latest filing with the Securities and Exchange Commission. The firm purchased 58,729 shares of the oil and gas giant, which amounts to an investment valued at approximately $6,380,000. This investment represents about 1.7% of GWN Securities Inc.'s overall investment portfolio, making Exxon Mobil its 8th largest holding.

Institutional Investments in Exxon Mobil

Other institutional investors are also making moves within Exxon Mobil. FMR LLC has increased its stake by 0.3%, now owning 151,863,649 shares valued at around $17.8 billion, after buying an additional 395,218 shares. Similarly, Geode Capital Management LLC raised its position by 1.8%, holding 92,194,981 shares worth approximately $10.78 billion following their acquisition of 1,622,064 shares. Bank of New York Mellon Corp has lifted its holdings by 14.4% in the last quarter, now owning 43,983,110 shares valued at about $4.73 billion, having acquired an extra 5,538,694 shares. Charles Schwab Investment Management Inc. and Franklin Resources Inc. also grew their stakes significantly. Institutional investors currently hold 61.80% of Exxon Mobil's stock.

Recent Analyst Ratings for Exxon Mobil

Exxon Mobil has seen various price target revisions from analysts. Goldman Sachs has lowered its target from $125 to $123, maintaining a "neutral" rating. UBS Group adjusted their target down from $149 to $147, while Piper Sandler reduced their target from $138 to $127, with an "overweight" rating. Bernstein Bank increased its target to $144, maintaining an "overweight" rating, and Scotiabank cut its price target from $145 to $140. Overall, Exxon Mobil holds an average rating of "Moderate Buy" from analysts, with a consensus target price set at $129.25.

Insider Trading Activities

In a recent development, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil on February 4th at an average price of $110, resulting in a transaction value of $231,000. Following this sale, he owns 18,087 shares, valued at around $1.99 million, indicating a 10.4% reduction in his ownership of the stock. Insiders currently own a mere 0.03% of Exxon Mobil stock.

Exxon Mobil's Stock Performance

As of the latest trading session, Exxon Mobil's stock opened at $111.98, with a market capitalization of $485.90 billion. The stock features a P/E ratio of 14.28 and a price-to-earnings-growth ratio of 3.02. Its 50-day and 200-day moving averages are $109.34 and $113.65, respectively. Over the past year, the shares have ranged from a low of $103.67 to a high of $126.34.

Exxon Mobil recently reported its quarterly earnings on January 31st, revealing an earnings-per-share (EPS) of $1.67, which fell short of expectations. Analysts foresee Exxon Mobil posting an EPS of 7.43 for the current fiscal year.

Dividend Overview

The company has also announced a quarterly dividend of $0.99 per share, paid out on March 10th to investors who held shares on February 12th. This reflects an annualized dividend of $3.96, translating to a yield of 3.54%, with a payout ratio of 50.51%.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas on a global scale, operating through segments including Upstream, Energy Products, and Chemical Products.

Final Thoughts

As institutional investors and analysts continue to evaluate their positions and projections regarding Exxon Mobil, GWN Securities Inc.'s recent purchase exemplifies investor confidence in the company. Investors closely monitor performance trends and analyst ratings as the market evolves.

Investment, Stocks, ExxonMobil