Jmac Enterprises LLC Has $870,000 Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Jmac Enterprises LLC reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 48.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,317 shares of the oil and gas company's stock after selling 6,831 shares during the period. Jmac Enterprises LLC's holdings in Exxon Mobil were worth $870,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil in the 4th quarter worth approximately $48,348,000. SOA Wealth Advisors LLC. grew its position in Exxon Mobil by 29.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,595 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Exxon Mobil by 2.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 169,944 shares of the oil and gas company's stock valued at $18,281,000 after purchasing an additional 4,297 shares during the period. Finally, First Bank & Trust lifted its position in shares of Exxon Mobil by 68.8% during the fourth quarter. First Bank & Trust now owns 10,666 shares of the oil and gas company's stock worth $1,147,000 after purchasing an additional 4,349 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM traded down $3.29 during mid-day trading on Tuesday, reaching $108.45. 24,816,717 shares of the company's stock traded hands, compared to its average volume of 15,721,744. The business's 50-day moving average price is $106.83 and its 200-day moving average price is $108.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market capitalization of $467.39 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.24 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.06 earnings per share. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.50.

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.