Exxon Mobil Corporation (XOM) is Gateway Investment Advisers LLC’s 8th Largest Position
Gateway Investment Advisers LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,329,178 shares of the oil and gas company’s stock after purchasing an additional 18,953 shares during the period. Exxon Mobil Corporation comprises approximately 1.7% of Gateway Investment Advisers LLC’s holdings, making the stock its 8th largest position. Gateway Investment Advisers LLC owned about 0.05% of Exxon Mobil Corporation worth $188,035,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. CNA Financial Corp lifted its position in shares of Exxon Mobil Corporation by 23.1% during the 1st quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after acquiring an additional 3,725 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Exxon Mobil Corporation during the 1st quarter valued at approximately $754,000. Holderness Investments Co. lifted its position in shares of Exxon Mobil Corporation by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after acquiring an additional 15,687 shares during the period. Pinnacle Advisory Group Inc. lifted its position in shares of Exxon Mobil Corporation by 4.6% during the 1st quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock valued at $1,673,000 after acquiring an additional 891 shares during the period. Finally, Strategic Financial Group LLC lifted its position in shares of Exxon Mobil Corporation by 21.9% during the 1st quarter. Strategic Financial Group LLC now owns 9,907 shares of the oil and gas company’s stock valued at $812,000 after acquiring an additional 1,778 shares during the period. Hedge funds and other institutional investors own 50.74% of the company’s stock.
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In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
Shares of Exxon Mobil Corporation (XOM) traded down 0.26% during mid-day trading on Friday, hitting $81.98. 9,943,991 shares of the stock traded hands. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a market cap of $347.36 billion, a price-to-earnings ratio of 29.55 and a beta of 0.82. The stock has a 50-day moving average of $78.37 and a 200-day moving average of $80.77.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Analysts anticipate that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were paid a $0.77 dividend. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.76%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
XOM has been the subject of a number of research reports. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target for the company. in a research report on Tuesday, June 6th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Barclays PLC set a $94.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, August 21st. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil Corporation presently has an average rating of “Hold” and a consensus target price of $84.67.
Exxon Mobil Corporation Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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