GSG Advisors LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

GSG Advisors LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 17.6% in the first quarter, HoldingsChannel.com reports. The firm owned 4,499 shares of the oil and gas company’s stock after acquiring an additional 672 shares during the quarter. GSG Advisors LLC’s holdings in Exxon Mobil were worth $537,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in XOM. Auxier Asset Management increased its position in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the period. Boltwood Capital Management grew its holdings in shares of Exxon Mobil by 0.4% during the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after purchasing an additional 98 shares in the last quarter. Stolper Co boosted its stake in Exxon Mobil by 0.4% in the first quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after buying an additional 98 shares in the last quarter. CMG Global Holdings LLC boosted its stake in Exxon Mobil by 0.4% in the fourth quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock worth $2,483,000 after buying an additional 99 shares in the last quarter. Finally, Argus Investors Counsel Inc. boosted its stake in Exxon Mobil by 0.5% in the fourth quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock worth $2,045,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.9 %

XOM traded down $0.98 during trading on Friday, reaching $110.76. The stock had a trading volume of 52,220,574 shares, compared to its average volume of 14,478,490. The stock’s 50 day moving average is $115.70 and its two-hundred day moving average is $109.10. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $436.73 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 3.98 and a beta of 0.92. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several research reports. Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Mizuho upped their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. HSBC upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Scotiabank boosted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $133.71.

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.