Jacobs & Co. CA cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,061 shares of the oil and gas company’s stock after selling 1,852 shares during the quarter. Jacobs & Co. CA’s holdings in Exxon Mobil were worth $4,908,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC increased its position in shares of Exxon Mobil by 625.3% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after buying an additional 469 shares during the period. Asset Planning Services Ltd. grew its holdings in Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares during the period. INR Advisory Services LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $43,000. Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil in the second quarter worth $45,000. Finally, Interactive Financial Advisors acquired a new stake in Exxon Mobil in the first quarter worth $65,000. Institutional investors own 54.48% of the company’s stock.
Shares of Exxon Mobil stock traded up $0.62 during trading hours on Wednesday, reaching $69.65. The company’s stock had a trading volume of 705,382 shares, compared to its average volume of 12,380,931. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock’s fifty day simple moving average is $73.57 and its two-hundred day simple moving average is $76.76. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The company has a market capitalization of $288.98 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.97 and a beta of 0.97.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is currently 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.
XOM has been the subject of a number of research reports. Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. HSBC restated a “neutral” rating and issued a $86.50 price target on shares of Exxon Mobil in a report on Thursday, May 23rd. BMO Capital Markets initiated coverage on shares of Exxon Mobil in a report on Tuesday. They issued a “market perform” rating and a $86.00 price target for the company. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $82.35.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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