Gateway Advisory LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Gateway Advisory LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,295 shares of the oil and gas company’s stock after buying an additional 776 shares during the period. Gateway Advisory LLC’s holdings in Exxon Mobil were worth $3,833,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in shares of Exxon Mobil by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares in the last quarter. Aveo Capital Partners LLC increased its position in Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after purchasing an additional 984 shares during the period. Gryphon Financial Partners LLC raised its holdings in Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after purchasing an additional 5,565 shares in the last quarter. Mitchell Sinkler & Starr PA lifted its position in shares of Exxon Mobil by 41.6% in the 4th quarter. Mitchell Sinkler & Starr PA now owns 108,896 shares of the oil and gas company’s stock worth $10,887,000 after purchasing an additional 31,973 shares during the period. Finally, Bell & Brown Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $7,275,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Truist Financial reduced their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. 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 stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Exxon Mobil Stock Up 1.8 %

Exxon Mobil stock opened at $117.37 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The firm has a market cap of $462.79 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 4.38 and a beta of 0.90. The stock has a fifty day simple moving average of $115.92 and a two-hundred day simple moving average of $115.53.

Exxon Mobil (NYSE:XOM) last posted its 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. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.