Gilman Hill Asset Management LLC Has $2.05 Million Position in Exxon Mobil Corporation $XOM

Gilman Hill Asset Management LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,136 shares of the oil and gas company’s stock after buying an additional 4,532 shares during the period. Gilman Hill Asset Management LLC’s holdings in Exxon Mobil were worth $2,045,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Optas LLC raised its holdings in shares of Exxon Mobil by 272.8% in the 3rd quarter. Optas LLC now owns 11,718 shares of the oil and gas company’s stock worth $1,321,000 after acquiring an additional 8,575 shares during the last quarter. Successful Portfolios LLC increased its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Successful Portfolios LLC now owns 8,820 shares of the oil and gas company’s stock worth $995,000 after purchasing an additional 154 shares in the last quarter. Strong Tower Advisory Services raised its stake in shares of Exxon Mobil by 2.1% in the third quarter. Strong Tower Advisory Services now owns 66,829 shares of the oil and gas company’s stock worth $7,535,000 after purchasing an additional 1,357 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Exxon Mobil by 112.5% in the third quarter. DAVENPORT & Co LLC now owns 991,239 shares of the oil and gas company’s stock valued at $111,989,000 after purchasing an additional 524,859 shares in the last quarter. Finally, Matthew Goff Investment Advisor LLC lifted its holdings in shares of Exxon Mobil by 3.9% in the third quarter. Matthew Goff Investment Advisor LLC now owns 24,237 shares of the oil and gas company’s stock valued at $2,733,000 after purchasing an additional 916 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $119.09 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The firm has a 50-day moving average of $116.65 and a 200 day moving average of $113.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The firm has a market cap of $502.20 billion, a P/E ratio of 17.31, a PEG ratio of 7.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Piper Sandler increased their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Citigroup raised their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Mizuho upped their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.45.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.