Gemmer Asset Management LLC Purchases 1,539 Shares of Exxon Mobil Co. (NYSE:XOM)

Gemmer Asset Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 78.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,496 shares of the oil and gas company’s stock after purchasing an additional 1,539 shares during the quarter. Gemmer Asset Management LLC’s holdings in Exxon Mobil were worth $416,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 2.4%

XOM stock opened at $104.29 on Friday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business’s 50-day moving average is $105.42 and its two-hundred day moving average is $109.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $449.45 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 earnings per share. Exxon Mobil’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is 52.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on XOM shares. UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Scotiabank cut their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

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.