GAM Holding AG Raises Position in Exxon Mobil Co. (NYSE:XOM)

GAM Holding AG boosted its position in Exxon Mobil Co. (NYSE:XOM) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,909 shares of the oil and gas company’s stock after purchasing an additional 10,239 shares during the period. Exxon Mobil comprises approximately 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.

Other institutional investors have also bought and sold shares of the company. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Financial Services Inc purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $48,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth $54,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.12 on Friday. The business’s 50-day moving average price is $108.60 and its 200-day moving average price is $114.52. The firm has a market capitalization of $492.78 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $102.88 and a 12 month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company earned $2.48 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.