Jacobs & Co. CA Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Jacobs & Co. CA cut its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,139 shares of the oil and gas company’s stock after selling 640 shares during the quarter. Jacobs & Co. CA’s holdings in Exxon Mobil were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $50,000. Orion Capital Management LLC bought a new stake in Exxon Mobil in the 3rd quarter worth $91,000. Keener Financial Planning LLC bought a new stake in Exxon Mobil in the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Exxon Mobil in the fourth quarter valued at about $80,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on XOM shares. Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Mizuho lifted their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Check Out Our Latest Research Report on Exxon Mobil

Exxon Mobil Stock Up 0.3 %

XOM stock traded up $0.31 during midday trading on Tuesday, hitting $114.36. The company’s stock had a trading volume of 3,313,674 shares, compared to its average volume of 18,242,625. The company has a market cap of $450.92 billion, a PE ratio of 14.02, a P/E/G ratio of 3.95 and a beta of 0.92. The firm’s 50-day moving average is $115.59 and its 200-day moving average is $109.28. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the business earned $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.36 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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