Gateway Wealth Partners LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Gateway Wealth Partners LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,283 shares of the oil and gas company’s stock after buying an additional 392 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Exxon Mobil were worth $568,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Investment Counsel LLC grew its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Capital Investment Counsel LLC now owns 62,806 shares of the oil and gas company’s stock valued at $6,756,000 after buying an additional 716 shares in the last quarter. Signature Wealth Management Partners LLC grew its position in Exxon Mobil by 16.3% in the 4th quarter. Signature Wealth Management Partners LLC now owns 7,839 shares of the oil and gas company’s stock valued at $843,000 after acquiring an additional 1,100 shares in the last quarter. Orca Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $3,331,000. BSW Wealth Partners lifted its position in shares of Exxon Mobil by 6.3% during the fourth quarter. BSW Wealth Partners now owns 13,728 shares of the oil and gas company’s stock worth $1,477,000 after purchasing an additional 811 shares in the last quarter. Finally, Falcon Wealth Planning boosted its stake in shares of Exxon Mobil by 24.0% in the fourth quarter. Falcon Wealth Planning now owns 3,699 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 717 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial lifted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM) last issued 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 last year, the firm posted $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current year.

Exxon Mobil Company 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.