Gilbert & Cook Inc. Has $2.68 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Gilbert & Cook Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,819 shares of the oil and gas company’s stock after selling 1,219 shares during the quarter. Exxon Mobil comprises approximately 0.4% of Gilbert & Cook Inc.’s holdings, making the stock its 21st largest position. Gilbert & Cook Inc.’s holdings in Exxon Mobil were worth $2,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank increased its position in Exxon Mobil by 0.3% during the third quarter. Swiss National Bank now owns 13,315,218 shares of the oil and gas company’s stock worth $1,560,810,000 after acquiring an additional 33,400 shares during the period. Claro Advisors LLC increased its position in Exxon Mobil by 10.0% during the third quarter. Claro Advisors LLC now owns 49,008 shares of the oil and gas company’s stock worth $5,745,000 after acquiring an additional 4,465 shares during the period. Chesapeake Capital Corp IL bought a new position in Exxon Mobil during the third quarter worth $820,000. Concord Asset Management LLC VA increased its position in Exxon Mobil by 9.7% during the third quarter. Concord Asset Management LLC VA now owns 38,734 shares of the oil and gas company’s stock worth $4,540,000 after acquiring an additional 3,427 shares during the period. Finally, Peterson Financial Group Inc. bought a new position in Exxon Mobil during the third quarter worth $51,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 1.0 %

Shares of NYSE XOM opened at $119.31 on Friday. The stock’s fifty day moving average is $118.49 and its 200 day moving average is $116.39. The stock has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a PEG ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

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.