GAMMA Investing LLC Buys 13,582 Shares of Exxon Mobil Corporation (NYSE:XOM)

GAMMA Investing LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,522 shares of the oil and gas company's stock after purchasing an additional 13,582 shares during the period. Exxon Mobil comprises approximately 0.7% of GAMMA Investing LLC's holdings, making the stock its 19th biggest holding. GAMMA Investing LLC's holdings in Exxon Mobil were worth $9,458,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth $6,936,737,000. Bank of New York Mellon Corp lifted its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. lifted its position in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Northern Trust Corp grew its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Exxon Mobil in the 4th quarter valued at about $240,653,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $109.40 on Friday. The stock has a market cap of $471.49 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.13 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $107.04 and a 200 day simple moving average of $108.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results 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 analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 earnings per share. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. 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 3.62%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $125.10.

About Exxon Mobil

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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