GAM Holding AG Purchases 10,239 Shares of Exxon Mobil Co. (NYSE:XOM)

GAM Holding AG increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,909 shares of the oil and gas company's stock after buying an additional 10,239 shares during the quarter. Exxon Mobil accounts for about 1.3% of GAM Holding AG's portfolio, making the stock its 18th biggest holding. GAM Holding AG's holdings in Exxon Mobil were worth $17,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Venturi Wealth Management LLC grew its stake in Exxon Mobil by 7.1% in the fourth quarter. Venturi Wealth Management LLC now owns 56,284 shares of the oil and gas company's stock valued at $6,054,000 after purchasing an additional 3,709 shares in the last quarter. Fortis Group Advisors LLC grew its stake in Exxon Mobil by 29.5% in the fourth quarter. Fortis Group Advisors LLC now owns 51,713 shares of the oil and gas company's stock valued at $5,563,000 after purchasing an additional 11,779 shares in the last quarter. Empower Advisory Group LLC lifted its holdings in Exxon Mobil by 3.2% during the 4th quarter. Empower Advisory Group LLC now owns 1,456,882 shares of the oil and gas company's stock worth $156,717,000 after purchasing an additional 45,722 shares during the last quarter. Blue Chip Partners LLC lifted its holdings in Exxon Mobil by 29.7% during the 4th quarter. Blue Chip Partners LLC now owns 12,476 shares of the oil and gas company's stock worth $1,342,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Wealth Quarterback LLC lifted its holdings in Exxon Mobil by 1.9% during the 4th quarter. Wealth Quarterback LLC now owns 18,093 shares of the oil and gas company's stock worth $1,946,000 after purchasing an additional 333 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Morgan Stanley lifted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.25.

Exxon Mobil Stock Down 1.2 %

Shares of NYSE XOM traded down $1.33 during midday trading on Friday, hitting $110.67. 14,676,984 shares of the stock traded hands, compared to its average volume of 15,010,274. The company has a market cap of $486.39 billion, a PE ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34. The business has a 50 day moving average price of $108.60 and a two-hundred day moving average price of $114.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. Exxon Mobil's payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

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.