Jackson Grant Investment Advisers Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,500 shares of the oil and gas company’s stock after selling 280 shares during the quarter. Jackson Grant Investment Advisers Inc.’s holdings in Exxon Mobil were worth $1,012,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TFO TDC LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $25,000. Gs Investments Inc. lifted its holdings in shares of Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 299.3% during the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 431 shares during the last quarter. Marquette Asset Management LLC lifted its holdings in shares of Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Arlington Partners LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $45,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Bank of America reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Monday. Berenberg Bank set a $63.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada decreased their price objective on Exxon Mobil from $75.00 to $70.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $72.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, Citigroup decreased their price objective on Exxon Mobil from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have given a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $74.48.
Shares of XOM stock opened at $60.93 on Friday. The firm has a market capitalization of $253.70 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. The business has a fifty day moving average of $66.72 and a 200 day moving average of $69.08. Exxon Mobil Co. has a 1 year low of $59.62 and a 1 year high of $83.49.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.89. The company had revenue of $67.17 billion during the quarter, compared to analyst estimates of $64.58 billion. Exxon Mobil had a return on equity of 5.11% and a net margin of 5.41%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 3.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 11th will be paid a $0.87 dividend. The ex-dividend date is Monday, February 10th. This represents a $3.48 dividend on an annualized basis and a yield of 5.71%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.
In other news, CEO Darren W. Woods bought 2,858 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $60.53 per share, for a total transaction of $172,994.74. Following the purchase, the chief executive officer now directly owns 818,032 shares of the company’s stock, valued at approximately $49,515,476.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. Company insiders own 0.05% of the company’s stock.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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