Exxon Mobil Co. (NYSE:XOM) Shares Bought by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, Holdings Channel reports. The fund owned 5,283 shares of the oil and gas company’s stock after acquiring an additional 392 shares during the period. Gateway Wealth Partners LLC’s holdings in Exxon Mobil were worth $568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the third quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $63,000. Finally, Annapolis Financial Services LLC lifted its position in shares of Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday. Finally, Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Trading Down 2.5 %

NYSE XOM opened at $106.82 on Friday. The company has a 50-day moving average of $110.66 and a 200-day moving average of $115.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a market cap of $469.48 billion, a P/E ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the previous year, the company posted $2.48 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

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.