GAMMA Investing LLC Has $7.09 Million Stake in Exxon Mobil Co. (NYSE:XOM)

GAMMA Investing LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,940 shares of the oil and gas company’s stock after selling 6,856 shares during the period. Exxon Mobil makes up 0.6% of GAMMA Investing LLC’s portfolio, making the stock its 21st biggest holding. GAMMA Investing LLC’s holdings in Exxon Mobil were worth $7,093,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter worth $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter valued at $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.31 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm’s fifty day simple moving average is $114.94 and its 200 day simple moving average is $115.83. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $471.64 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase 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 3.69%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XOM. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

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.