Gilbert & Cook Inc. Has $2.53 Million Position in Exxon Mobil Corporation $XOM

Gilbert & Cook Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 9.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,436 shares of the oil and gas company’s stock after buying an additional 2,106 shares during the quarter. Exxon Mobil accounts for about 0.3% of Gilbert & Cook Inc.’s holdings, making the stock its 26th biggest position. Gilbert & Cook Inc.’s holdings in Exxon Mobil were worth $2,526,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased its position in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after buying an additional 1,379 shares during the last quarter. Linscomb Wealth Inc. lifted its position in shares of Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after buying an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares in the last quarter. Hartford Funds Management Co LLC increased its holdings in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock valued at $912,000 after acquiring an additional 2,617 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its stake in shares of Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after acquiring an additional 18,752 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.2%

Shares of Exxon Mobil stock opened at $114.52 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company’s fifty day simple moving average is $113.26 and its 200-day simple moving average is $109.99. The company has a market cap of $488.21 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% 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. Insiders own 0.03% of the company’s stock.

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.