Jupiter Asset Management Ltd. Sells 14,641 Shares of Exxon Mobil Corporation $XOM

Jupiter Asset Management Ltd. lowered its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 27.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,619 shares of the oil and gas company’s stock after selling 14,641 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Exxon Mobil were worth $4,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in Exxon Mobil in the 2nd quarter valued at about $6,163,719,000. First Trust Advisors LP raised its position in shares of Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after buying an additional 3,066,736 shares during the period. Finally, Bessemer Group Inc. grew its position in Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after buying an additional 1,454,308 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the sale, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 14,230 shares of company stock valued at $1,888,421 in the last quarter. Company insiders own 0.03% of the company’s stock.

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Performance

NYSE:XOM opened at $147.12 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $132.29 and its 200 day simple moving average is $120.14. The firm has a market capitalization of $613.00 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 15.28 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Analyst Ratings Changes

Several equities analysts have weighed in on XOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Sanford C. Bernstein dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Barclays increased their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.59.

Read Our Latest Analysis on Exxon Mobil

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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