Exxon Mobil Co. (NYSE:XOM) Stake Raised by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 59.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,190 shares of the oil and gas company’s stock after buying an additional 22,170 shares during the quarter. Exxon Mobil accounts for 0.9% of GAMMA Investing LLC’s portfolio, making the stock its 14th largest position. GAMMA Investing LLC’s holdings in Exxon Mobil were worth $6,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $25,000. First Pacific Financial purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Vima LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $50,000. Finally, ESL Trust Services LLC purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $76,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Scotiabank increased 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. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.07 during midday trading on Friday, hitting $116.88. The company had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. The business’s 50 day simple moving average is $114.02 and its two-hundred day simple moving average is $112.27. The stock has a market cap of $460.86 billion, a PE ratio of 14.32, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.