Jackson Wealth Management LLC Has $4.41 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Jackson Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 45.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,969 shares of the oil and gas company’s stock after buying an additional 11,849 shares during the period. Jackson Wealth Management LLC’s holdings in Exxon Mobil were worth $4,414,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XOM. Vanguard Group Inc. raised its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $5,519,753,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares during the last quarter. Capital International Investors grew its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares during the period. Finally, Capital Research Global Investors grew its position in Exxon Mobil by 6.0% during the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after buying an additional 1,037,226 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM traded down $0.07 on Friday, reaching $116.88. The company had a trading volume of 20,403,773 shares, compared to its average volume of 12,998,848. The business has a 50 day simple moving average of $114.02 and a 200 day simple moving average of $112.17. The company has a market cap of $460.86 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.94 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Scotiabank increased their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.78.

Exxon Mobil Company 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.