J.Safra Asset Management Corp Buys 1,409 Shares of Exxon Mobil Co. (NYSE:XOM)

J.Safra Asset Management Corp raised its stake in Exxon Mobil Co. (NYSE:XOM) by 30.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,052 shares of the oil and gas company’s stock after purchasing an additional 1,409 shares during the period. J.Safra Asset Management Corp’s holdings in Exxon Mobil were worth $640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Academy Capital Management increased its stake in Exxon Mobil by 29.3% in the fourth quarter. Academy Capital Management now owns 14,333 shares of the oil and gas company’s stock valued at $1,542,000 after purchasing an additional 3,250 shares in the last quarter. Souders Financial Advisors increased its stake in Exxon Mobil by 11.7% in the fourth quarter. Souders Financial Advisors now owns 4,851 shares of the oil and gas company’s stock valued at $522,000 after purchasing an additional 509 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $854,000. Glass Wealth Management Co LLC grew its holdings in shares of Exxon Mobil by 1.4% during the fourth quarter. Glass Wealth Management Co LLC now owns 67,927 shares of the oil and gas company’s stock valued at $7,307,000 after buying an additional 940 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Exxon Mobil by 34.3% during the fourth quarter. Victory Capital Management Inc. now owns 4,013,510 shares of the oil and gas company’s stock valued at $431,733,000 after buying an additional 1,025,997 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $105.51 on Thursday. The firm’s 50 day simple moving average is $108.98 and its 200 day simple moving average is $113.98. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $457.82 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its 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 quarter in the prior year, the business posted $2.48 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.75%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. BMO Capital Markets reduced their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.