Jmac Enterprises LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Jmac Enterprises LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 9.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,346 shares of the oil and gas company’s stock after acquiring an additional 1,302 shares during the period. Jmac Enterprises LLC’s holdings in Exxon Mobil were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Deseret Mutual Benefit Administrators boosted its stake in shares of Exxon Mobil by 3.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 9,357 shares of the oil and gas company’s stock valued at $1,097,000 after buying an additional 304 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after buying an additional 521,932 shares in the last quarter. David J Yvars Group boosted its stake in shares of Exxon Mobil by 5.8% in the third quarter. David J Yvars Group now owns 5,536 shares of the oil and gas company’s stock valued at $649,000 after buying an additional 304 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Exxon Mobil by 0.6% in the third quarter. Bridgewater Advisors Inc. now owns 45,919 shares of the oil and gas company’s stock valued at $5,385,000 after buying an additional 291 shares in the last quarter. Finally, Ascension Capital Advisors Inc. boosted its stake in shares of Exxon Mobil by 43.8% in the third quarter. Ascension Capital Advisors Inc. now owns 61,302 shares of the oil and gas company’s stock valued at $7,186,000 after buying an additional 18,658 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $121.15 on Friday. The company has a market cap of $477.70 billion, a P/E ratio of 15.09, a P/E/G ratio of 4.96 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The business has a fifty day simple moving average of $117.78 and a 200-day simple moving average of $116.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.97 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 47.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Finally, Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

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.