Gateway Investment Advisers LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Gateway Investment Advisers LLC raised its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,367,232 shares of the oil and gas company’s stock after buying an additional 52,485 shares during the period. Exxon Mobil makes up about 1.3% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 11th biggest position. Gateway Investment Advisers LLC’s holdings in Exxon Mobil were worth $117,090,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XOM. Norges Bank bought a new position in Exxon Mobil in the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC lifted its stake in shares of Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after purchasing an additional 19,403,556 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after buying an additional 8,825,023 shares in the last quarter. American Century Companies Inc. grew its holdings in Exxon Mobil by 149.6% in the first quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock worth $539,651,000 after purchasing an additional 3,915,876 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Exxon Mobil by 14.0% during the first quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock valued at $1,514,436,000 after acquiring an additional 2,245,300 shares in the last quarter. 56.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, August 11th. Truist Financial dropped their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Morgan Stanley boosted their price target on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a research note on Monday, September 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $96.69.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE XOM opened at $90.57 on Friday. The stock has a market cap of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 12-month low of $55.28 and a 12-month high of $105.57. The company has a 50-day moving average of $93.05 and a 200 day moving average of $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s revenue was up 70.8% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. Exxon Mobil’s payout ratio is 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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