GAM Holding AG Sells 11,313 Shares of Exxon Mobil Corporation $XOM

GAM Holding AG reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,879 shares of the oil and gas company’s stock after selling 11,313 shares during the period. Exxon Mobil comprises approximately 1.0% of GAM Holding AG’s portfolio, making the stock its 24th biggest holding. GAM Holding AG’s holdings in Exxon Mobil were worth $13,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Linscomb Wealth Inc. increased its stake 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 period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Exxon Mobil by 13.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 56,010 shares of the oil and gas company’s stock valued at $6,038,000 after buying an additional 6,846 shares during the period. AMG National Trust Bank grew its stake in Exxon Mobil by 3.0% in the second quarter. AMG National Trust Bank now owns 80,417 shares of the oil and gas company’s stock worth $8,669,000 after purchasing an additional 2,368 shares during the period. IFG Advisory LLC grew its position in shares of Exxon Mobil by 18.6% in the 2nd quarter. IFG Advisory LLC now owns 73,905 shares of the oil and gas company’s stock worth $7,967,000 after buying an additional 11,588 shares during the period. Finally, Terril Brothers Inc. grew its holdings in Exxon Mobil by 1.5% in the second quarter. Terril Brothers Inc. now owns 12,653 shares of the oil and gas company’s stock worth $1,364,000 after purchasing an additional 189 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.2%

Shares of NYSE XOM opened at $114.52 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business’s 50 day moving average price is $113.26 and its 200-day moving average price is $109.94. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. 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.

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

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

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.