Gilbert & Cook Inc. Has $2.77 Million Position in Exxon Mobil Co. (NYSE:XOM)

Gilbert & Cook Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,038 shares of the oil and gas company’s stock after selling 1,526 shares during the quarter. Exxon Mobil makes up approximately 0.4% of Gilbert & Cook Inc.’s investment portfolio, making the stock its 20th largest holding. Gilbert & Cook Inc.’s holdings in Exxon Mobil were worth $2,767,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the first quarter worth approximately $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter worth $34,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. POM Investment Strategies LLC boosted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Lynx Investment Advisory bought a new position in Exxon Mobil during the second quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Mizuho raised their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $113.19 on Friday. The business has a 50 day moving average of $115.99 and a 200-day moving average of $114.66. The company has a market capitalization of $446.31 billion, a P/E ratio of 13.87, a P/E/G ratio of 4.70 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 8.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is 46.57%.

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.