GAM Holding AG Sells 23,717 Shares of Exxon Mobil Corporation (NYSE:XOM)

GAM Holding AG cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,192 shares of the oil and gas company's stock after selling 23,717 shares during the quarter. Exxon Mobil accounts for 1.3% of GAM Holding AG's investment portfolio, making the stock its 16th largest holding. GAM Holding AG's holdings in Exxon Mobil were worth $16,316,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. lifted its stake in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XOM shares. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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 report on Thursday, March 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Trading Up 1.4%

NYSE XOM opened at $114.81 on Friday. The firm has a market capitalization of $494.77 billion, a P/E ratio of 15.23, a PEG ratio of 2.29 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $106.56 and a 200 day simple moving average of $108.60. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.

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