Gilbert Capital Group Inc. Buys Shares of 4,573 Exxon Mobil Corporation $XOM

Gilbert Capital Group Inc. purchased a new position in Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,573 shares of the oil and gas company’s stock, valued at approximately $493,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC grew its holdings in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Exxon Mobil by 0.4% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 65,455 shares of the oil and gas company’s stock valued at $7,785,000 after buying an additional 257 shares in the last quarter. Cascade Financial Partners LLC boosted its position in Exxon Mobil by 12.5% in the 1st quarter. Cascade Financial Partners LLC now owns 2,800 shares of the oil and gas company’s stock valued at $333,000 after buying an additional 311 shares during the period. Algert Global LLC grew its stake in Exxon Mobil by 8.9% in the 1st quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after acquiring an additional 1,895 shares in the last quarter. Finally, Versor Investments LP grew its stake in Exxon Mobil by 136.6% in the 1st quarter. Versor Investments LP now owns 10,100 shares of the oil and gas company’s stock worth $1,201,000 after acquiring an additional 5,831 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the sale, the vice president directly owned 31,584 shares in the company, valued at $3,750,600. This trade represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 0.9%

Shares of NYSE XOM opened at $117.75 on Tuesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81. The business has a fifty day moving average price of $115.67 and a 200 day moving average price of $112.40. The stock has a market capitalization of $496.55 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a report on Monday, December 8th. Morgan Stanley upped their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Monday, December 8th. Citigroup lifted their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Profile

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.