Exxon Mobil Corporation $XOM Shares Bought by Jacobi Capital Management LLC

Key Points

• Jacobi Capital Management LLC increased its stake in Exxon Mobil by 9.1%, holding 53,531 shares valued at approximately $6.37 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding analyst expectations, although revenue showed a 12.4% year-over-year decline.
• The company declared a quarterly dividend of $0.99 per share, representing a 3.5% yield with a dividend payout ratio of 56.25%.

Jacobi Capital Management LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,531 shares of the oil and gas company's stock after buying an additional 4,487 shares during the quarter. Jacobi Capital Management LLC's holdings in Exxon Mobil were worth $6,366,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XOM. Jacobs Levy Equity Management Inc. raised its stake in shares of Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after buying an additional 10,697 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Exxon Mobil by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock worth $50,622,000 after buying an additional 40,472 shares during the period. Northwest Quadrant Wealth Management LLC raised its stake in shares of Exxon Mobil by 7.8% during the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 5,401 shares of the oil and gas company's stock worth $581,000 after buying an additional 390 shares during the period. Northeast Financial Consultants Inc raised its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. Northeast Financial Consultants Inc now owns 82,815 shares of the oil and gas company's stock worth $8,908,000 after buying an additional 883 shares during the period. Finally, NorthRock Partners LLC raised its stake in shares of Exxon Mobil by 114.8% during the 4th quarter. NorthRock Partners LLC now owns 51,946 shares of the oil and gas company's stock worth $5,588,000 after buying an additional 27,764 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.6%

Shares of XOM opened at $112.45 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $479.39 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The stock has a fifty day simple moving average of $110.55 and a two-hundred day simple moving average of $109.13. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Finally, Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $124.81.

Insider Buying and Selling at Exxon Mobil

In other 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 transaction of $238,351.10. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% 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.

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