Gateway Investment Advisers LLC grew its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,367,232 shares of the oil and gas company’s stock after acquiring an additional 52,485 shares during the quarter. Exxon Mobil accounts for 1.3% of Gateway Investment Advisers LLC’s portfolio, making the stock its 11th biggest holding. Gateway Investment Advisers LLC’s holdings in Exxon Mobil were worth $117,090,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at about $30,000. GW&K Investment Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $32,000. CFS Investment Advisory Services LLC increased its position in shares of Exxon Mobil by 8,482.4% during the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 1,624,980 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $38,000. Finally, Dravo Bay LLC bought a new position in Exxon Mobil in the 1st quarter valued at approximately $38,000. 56.84% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the sale, 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 at the SEC website. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Exxon Mobil Trading Down 0.4 %
Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The firm had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.
Analyst Ratings Changes
A number of analysts have commented on XOM shares. Credit Suisse Group reissued an “outperform” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, August 11th. Truist Financial decreased their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Piper Sandler dropped their price target on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. Bank of America increased their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Barclays lifted their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $96.69.
About Exxon Mobil
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.
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