Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lowered by Jacobs & Co. CA

Jacobs & Co. CA lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,779 shares of the oil and gas company’s stock after selling 450 shares during the period. Jacobs & Co. CA’s holdings in Exxon Mobil were worth $1,377,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XOM. Axiom Financial Strategies LLC grew its position in Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new position in Exxon Mobil in the 1st quarter valued at about $275,000. Loomis Sayles & Co. L P grew its position in Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after buying an additional 13,065 shares in the last quarter. Ergoteles LLC grew its position in Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil in the 1st quarter valued at about $237,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.1 %

XOM opened at $115.05 on Thursday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $456.50 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 4.17 and a beta of 0.96. The business has a 50 day moving average of $104.98 and a 200-day moving average of $105.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $3.40 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s payout ratio is presently 42.74%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Mizuho upped their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. UBS Group cut their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

Insider Buying and Selling at Exxon Mobil

In other 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 is accessible through this link. Company insiders own 0.06% of the company’s stock.

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.