Iron Gate Global Advisors LLC Has $1.05 Million Stock Position in Exxon Mobil Corporation $XOM

Iron Gate Global Advisors LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 3.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,805 shares of the oil and gas company’s stock after selling 332 shares during the period. Iron Gate Global Advisors LLC’s holdings in Exxon Mobil were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. UBS Group lifted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.81.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.45 on Thursday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.13. The company has a market capitalization of $479.39 billion, a PE ratio of 15.97, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the firm earned $2.14 earnings per share. Exxon Mobil’s quarterly revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.