Jacobs Levy Equity Management Inc. Has $1.53 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Jacobs Levy Equity Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 300.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,261 shares of the oil and gas company's stock after buying an additional 10,697 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Exxon Mobil were worth $1,534,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.4%

Shares of XOM traded down $0.45 during mid-day trading on Friday, hitting $108.13. 14,040,466 shares of the company's stock were exchanged, compared to its average volume of 15,558,423. The company has a market cap of $466.01 billion, a PE ratio of 13.79, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a 50-day simple moving average of $108.98 and a 200 day simple moving average of $110.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Piper Sandler cut their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus 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.