GUNN & Co INVESTMENT MANAGEMENT INC. Makes New $2.78 Million Investment in Exxon Mobil Co. (NYSE:XOM)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 27,762 shares of the oil and gas company’s stock, valued at approximately $2,776,000.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Keener Financial Planning LLC acquired a new position in Exxon Mobil in the fourth quarter worth $80,000. Orion Capital Management LLC acquired a new position in Exxon Mobil during the 3rd quarter worth about $91,000. Authentikos Wealth Advisory LLC bought a new stake in Exxon Mobil during the 3rd quarter worth about $92,000. TFO Wealth Partners LLC increased its position in Exxon Mobil by 118.5% in the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in shares of Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock worth $106,000 after acquiring an additional 792 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Mizuho restated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Exxon Mobil Trading Down 0.2 %

NYSE:XOM opened at $116.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business’s 50-day simple moving average is $114.65 and its 200-day simple moving average is $106.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market capitalization of $457.39 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the firm posted $2.83 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.