Glass Jacobson Investment Advisors llc Has $77,000 Stake in Exxon Mobil Corporation $XOM

Key Points

• Glass Jacobson Investment Advisors significantly reduced its stake in Exxon Mobil by 94.4%, leaving them with 717 shares valued at $77,000.
• Multiple institutional investors, including Bank of New York Mellon and Ameriprise Financial, have increased their holdings in Exxon Mobil during the first quarter, reflecting strong interest in the company.
• Exxon Mobil's recent quarterly earnings showed a revenue of $57.55 billion and a dividend yield of 3.4%, with an upcoming $0.99 dividend payment that indicates consistent returns for investors.

Glass Jacobson Investment Advisors llc lowered its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 94.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 717 shares of the oil and gas company's stock after selling 12,082 shares during the period. Glass Jacobson Investment Advisors llc's holdings in Exxon Mobil were worth $77,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after buying an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Amundi boosted its stake in shares of Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Exxon Mobil by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an "overweight" rating and a $156.00 target price for the company. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Finally, Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $115.39 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. The stock has a 50 day moving average of $112.58 and a two-hundred day moving average of $109.54. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Exxon Mobil Company 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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