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

Gateway Investment Advisers LLC increased its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 comprises about 1.3% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 11th biggest holding. Gateway Investment Advisers LLC’s holdings in Exxon Mobil were worth $117,090,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Guardian Wealth Management Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $30,000. GW&K Investment Management LLC bought a new stake in Exxon Mobil in the first quarter worth $32,000. CFS Investment Advisory Services LLC grew its stake in shares of Exxon Mobil by 8,482.4% in the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,624,980 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Exxon Mobil during the first quarter valued at $38,000. Finally, Dravo Bay LLC bought a new position in Exxon Mobil in the 1st quarter worth about $38,000. 56.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Bank of America lifted their target price on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, August 11th. Finally, Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. 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.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $90.57 on Friday. The stock’s fifty day moving average is $93.05 and its 200 day moving average is $89.79. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The stock has a market cap of $377.46 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07.

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

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

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

About Exxon Mobil

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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

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

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