Gateway Wealth Partners LLC Buys 22,191 Shares of ExxonMobil Corporation $XOM

Gateway Wealth Partners LLC increased its stake in ExxonMobil Corporation (NYSE:XOM) by 169.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 35,323 shares of the oil and gas company’s stock after purchasing an additional 22,191 shares during the quarter. Gateway Wealth Partners LLC’s holdings in ExxonMobil were worth $5,993,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Everest Financial Group LLC grew its holdings in ExxonMobil by 80.5% during the first quarter. Everest Financial Group LLC now owns 21,867 shares of the oil and gas company’s stock valued at $3,705,000 after purchasing an additional 9,753 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of ExxonMobil by 35.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 253,403 shares of the oil and gas company’s stock valued at $42,992,000 after purchasing an additional 66,245 shares during the period. 44 Wealth Management LLC lifted its stake in shares of ExxonMobil by 9.1% in the first quarter. 44 Wealth Management LLC now owns 15,273 shares of the oil and gas company’s stock worth $2,591,000 after buying an additional 1,278 shares during the last quarter. Themes Management Co LLC acquired a new stake in shares of ExxonMobil in the first quarter worth $216,000. Finally, Van Diest Capital LLC boosted its holdings in shares of ExxonMobil by 7.8% during the 1st quarter. Van Diest Capital LLC now owns 5,717 shares of the oil and gas company’s stock worth $970,000 after buying an additional 414 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Sanford C. Bernstein cut their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Wells Fargo & Company upped their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Finally, UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.25.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s valuation may offer support. One analysis argues that the stock remains discounted based on discounted-cash-flow estimates and market multiples, despite its strong five-year performance and elevated oil prices. ExxonMobil Stock Could Be Cheap on Value Despite a 228% Run
• Positive Sentiment: The company is reportedly shifting new oil investment toward Nigeria and other African markets, potentially expanding its upstream growth opportunities and geographic diversification. Execution, political and operational risks remain considerations. ExxonMobil Is Moving New Oil Spending to Nigeria and Africa
• Neutral Sentiment: ExxonMobil is attracting unusually high investor search interest, which may increase near-term attention but does not itself change the company’s earnings outlook. Investors Heavily Search ExxonMobil
• Neutral Sentiment: ExxonMobil is among the major companies reporting during a particularly busy earnings week. Investors will look for updates on production, refining margins, capital spending and management’s outlook. Earnings Week Ahead
• Neutral Sentiment: Broader equities were mixed as markets awaited the Federal Reserve’s decision and additional earnings reports, leaving macroeconomic uncertainty as an important short-term influence on XOM. Equities Mixed Intraday as Markets Await Fed Decision
• Negative Sentiment: Oil prices fell as easing Middle East tensions reduced the geopolitical risk premium. Lower crude prices can pressure ExxonMobil’s upstream revenue, cash flow and profit expectations, helping explain why the stock weakened even as the broader market gained. Exxon Mobil Shares Fall as Oil Prices Tumble

ExxonMobil Trading Down 1.6%

Shares of ExxonMobil stock opened at $154.50 on Tuesday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company’s fifty day simple moving average is $145.80 and its 200-day simple moving average is $147.84. The company has a market cap of $640.42 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 0.64 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the company earned $1.76 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that ExxonMobil Corporation will post 11.55 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.