J.Safra Asset Management Corp Boosts Stake in Exxon Mobil Corporation $XOM

J.Safra Asset Management Corp boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,796 shares of the oil and gas company’s stock after buying an additional 324 shares during the quarter. J.Safra Asset Management Corp’s holdings in Exxon Mobil were worth $743,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. GAMMA Investing LLC lifted its stake in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. acquired a new position in Exxon Mobil in the 1st quarter valued at $200,000. Brucke Financial Inc. raised its holdings in Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in Exxon Mobil by 10.7% in the 1st quarter. Centennial Wealth Advisory LLC now owns 6,847 shares of the oil and gas company’s stock valued at $815,000 after acquiring an additional 664 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. UBS Group boosted their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Finally, Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Trading Up 1.4%

Shares of XOM opened at $112.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.99 and a beta of 0.51. The stock’s fifty day simple moving average is $111.83 and its 200 day simple moving average is $109.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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.