Jacobsen Capital Management Purchases 2,389 Shares of Exxon Mobil Corporation $XOM

Key Points

• Jacobsen Capital Management boosted its holdings in Exxon Mobil Corporation by 41.1% in the second quarter, increasing its shares to 8,201, valued at approximately $884,000.
• Recent insider activity includes Exxon Mobil's VP Darrin L. Talley selling 2,158 shares at an average price of $110.45, resulting in a 13.50% decrease in his ownership.
• Equities analysts have raised price targets for Exxon Mobil stock, with Morgan Stanley setting a target of $135.00 and UBS Group increasing it to $145.00, alongside a consensus average rating of "Moderate Buy".

Jacobsen Capital Management increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 41.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,201 shares of the oil and gas company's stock after purchasing an additional 2,389 shares during the quarter. Jacobsen Capital Management's holdings in Exxon Mobil were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group upped their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an "overweight" rating and a $156.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $127.58.

Exxon Mobil Price Performance

XOM opened at $115.78 on Friday. The company's 50-day simple moving average is $112.41 and its two-hundred day simple moving average is $109.38. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The stock has a market capitalization of $493.58 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a dividend yield of 3.4%. Exxon Mobil's payout ratio is presently 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.

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