Jump Financial LLC Acquires 82,688 Shares of Exxon Mobil Corporation $XOM

Key Points

• Jump Financial LLC increased its holdings in Exxon Mobil by 1,241.2%, acquiring an additional 82,688 shares, bringing their total to 89,350 shares valued at approximately $10.6 million.
• Exxon Mobil's recent quarterly report revealed $1.64 earnings per share, which exceeded analysts' expectations, though revenue declined by 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, representing an annualized yield of 3.6%, set to be paid to stockholders on September 10th.

Jump Financial LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1,241.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 89,350 shares of the oil and gas company's stock after acquiring an additional 82,688 shares during the period. Jump Financial LLC's holdings in Exxon Mobil were worth $10,626,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XOM. Nebula Research & Development LLC raised its stake in shares of Exxon Mobil by 24.1% during the fourth quarter. Nebula Research & Development LLC now owns 15,969 shares of the oil and gas company's stock valued at $1,718,000 after acquiring an additional 3,105 shares during the last quarter. Capital Analysts LLC increased its position in shares of Exxon Mobil by 29.5% during the fourth quarter. Capital Analysts LLC now owns 15,351 shares of the oil and gas company's stock worth $1,652,000 after buying an additional 3,497 shares during the period. Arkos Global Advisors increased its position in shares of Exxon Mobil by 32.9% during the fourth quarter. Arkos Global Advisors now owns 5,516 shares of the oil and gas company's stock worth $593,000 after buying an additional 1,366 shares during the period. Boothbay Fund Management LLC increased its position in shares of Exxon Mobil by 53.9% during the fourth quarter. Boothbay Fund Management LLC now owns 3,812 shares of the oil and gas company's stock worth $410,000 after buying an additional 1,335 shares during the period. Finally, Johnson Financial Group Inc. increased its position in shares of Exxon Mobil by 12.6% during the fourth quarter. Johnson Financial Group Inc. now owns 113,137 shares of the oil and gas company's stock worth $12,086,000 after buying an additional 12,672 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Trading Up 1.7%

NYSE:XOM opened at $111.1220 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 stock has a market capitalization of $473.74 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.08 and a beta of 0.53. The firm has a fifty day simple moving average of $110.24 and a two-hundred day simple moving average of $108.88. 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 issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue was down 12.4% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

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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