Exxon Mobil Corporation $XOM Shares Bought by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC increased its holdings in Exxon Mobil Corporation by 3.6%, owning 657,540 shares valued at approximately $78.2 million.
• Exxon Mobil reported a quarterly earnings per share of $1.64, significantly surpassing the consensus estimate of $1.47, although revenue declined 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, showing a yield of 3.5% with a payout ratio of 56.25%.

Gabelli Funds LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 657,540 shares of the oil and gas company's stock after acquiring an additional 22,950 shares during the period. Gabelli Funds LLC's holdings in Exxon Mobil were worth $78,201,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.5%

Shares of NYSE:XOM opened at $111.80 on Tuesday. The company has a market cap of $476.63 billion, a PE ratio of 15.88, a P/E/G ratio of 2.08 and a beta of 0.53. The company's 50-day moving average price is $110.23 and its 200 day moving average price is $108.91. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.00.

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.

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