Gabelli Funds LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Gabelli Funds LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 634,590 shares of the oil and gas company's stock after buying an additional 5,000 shares during the quarter. Gabelli Funds LLC's holdings in Exxon Mobil were worth $68,263,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 2.5 %

NYSE:XOM traded up $2.65 during trading hours on Friday, hitting $106.84. The company had a trading volume of 17,830,092 shares, compared to its average volume of 15,988,172. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market cap of $462.12 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a 50-day moving average of $109.82 and a 200 day moving average of $112.81. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.75.

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.