Exxon Mobil Co. (NYSE:XOM) Shares Sold by Jacobsen Capital Management

Jacobsen Capital Management lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 14.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,559 shares of the oil and gas company’s stock after selling 921 shares during the period. Jacobsen Capital Management’s holdings in Exxon Mobil were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC increased its position in Exxon Mobil by 1.0% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 286,890 shares of the oil and gas company’s stock worth $30,861,000 after purchasing an additional 2,829 shares during the period. Greenleaf Trust increased its position in Exxon Mobil by 1.8% during the 4th quarter. Greenleaf Trust now owns 112,578 shares of the oil and gas company’s stock worth $12,110,000 after purchasing an additional 2,035 shares during the period. MA Private Wealth acquired a new position in Exxon Mobil during the 4th quarter worth approximately $379,000. Golden State Equity Partners increased its position in Exxon Mobil by 140.8% during the 4th quarter. Golden State Equity Partners now owns 20,723 shares of the oil and gas company’s stock worth $2,229,000 after purchasing an additional 12,118 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new position in Exxon Mobil during the 4th quarter worth approximately $273,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. Morgan Stanley boosted their price target on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday. Finally, HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 2.7 %

Shares of Exxon Mobil stock opened at $109.95 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm has a market cap of $483.22 billion, a PE ratio of 14.02, a P/E/G ratio of 2.79 and a beta of 0.89. The business’s fifty day moving average is $110.10 and its two-hundred day moving average is $115.13. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the business posted $2.48 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is 50.51%.

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.