JMG Financial Group Ltd. Has $371,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

JMG Financial Group Ltd. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the fourth quarter, HoldingsChannel reports. The fund owned 3,715 shares of the oil and gas company’s stock after selling 100 shares during the quarter. JMG Financial Group Ltd.’s holdings in Exxon Mobil were worth $371,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Morgan Stanley raised its holdings in Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after buying an additional 1,066,937 shares during the last quarter. Northern Trust Corp raised its holdings in Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after buying an additional 576,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Exxon Mobil by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after buying an additional 132,196 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in Exxon Mobil by 15.8% during the third quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock worth $1,081,395,000 after buying an additional 1,252,505 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Mizuho restated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.13 during trading on Thursday, hitting $120.92. The company’s stock had a trading volume of 782,934 shares, compared to its average volume of 17,902,746. The company has a 50-day moving average of $112.69 and a 200-day moving average of $106.51. The firm has a market cap of $478.63 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 4.16 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the firm posted $3.40 EPS. The company’s revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Exxon Mobil 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.