Exxon Mobil Co. (NYSE:XOM) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 889,044 shares of the oil and gas company's stock after selling 22,667 shares during the period. Exxon Mobil accounts for approximately 1.1% of Gateway Investment Advisers LLC's portfolio, making the stock its 16th largest position. Gateway Investment Advisers LLC's holdings in Exxon Mobil were worth $95,634,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XOM. Vertex Planning Partners LLC increased its stake in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock worth $326,000 after purchasing an additional 83 shares during the period. Etfidea LLC grew its holdings in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after purchasing an additional 85 shares during the last quarter. First Heartland Consultants Inc. increased its stake in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock worth $1,108,000 after buying an additional 87 shares during the period. Latitude Advisors LLC lifted its holdings in Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company's stock valued at $1,568,000 after buying an additional 88 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC boosted its position in Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock valued at $1,704,000 after buying an additional 88 shares during the period. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on XOM shares. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Stock Up 0.9 %

Exxon Mobil stock traded up $1.05 during midday trading on Friday, reaching $112.37. The company's stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The stock's 50-day simple moving average is $112.56 and its 200-day simple moving average is $115.50. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil's payout ratio is 49.32%.

Exxon Mobil Company 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.