Gateway Investment Advisers LLC boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 908,442 shares of the oil and gas company's stock after acquiring an additional 19,398 shares during the period. Exxon Mobil accounts for approximately 1.2% of Gateway Investment Advisers LLC's portfolio, making the stock its 13th largest holding. Gateway Investment Advisers LLC's holdings in Exxon Mobil were worth $108,041,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the 4th quarter worth about $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Trading Up 2.4%
Exxon Mobil stock traded up $2.46 during mid-day trading on Friday, hitting $104.29. The company's stock had a trading volume of 15,465,774 shares, compared to its average volume of 15,553,585. The business has a 50 day moving average price of $105.42 and a 200-day moving average price of $109.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Exxon Mobil's revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is 52.52%.
Analyst Ratings Changes
XOM has been the subject of several recent analyst reports. Scotiabank reduced their price objective on shares of 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. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Morgan Stanley lowered their price objective 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. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
Read Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Profile
(
Free Report)
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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