Jmac Enterprises LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Jmac Enterprises LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,346 shares of the oil and gas company’s stock after buying 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 & Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. WFA Asset Management Corp lifted its holdings in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in Exxon Mobil in the first quarter valued at approximately $933,000. GSA Capital Partners LLP acquired a new position in Exxon Mobil in the first quarter valued at approximately $891,000. Commerce Bank lifted its holdings in Exxon Mobil by 1.5% in the first quarter. Commerce Bank now owns 821,902 shares of the oil and gas company’s stock valued at $95,538,000 after acquiring an additional 11,795 shares during the period. Finally, Rehmann Capital Advisory Group lifted its holdings in Exxon Mobil by 9.4% in the first quarter. Rehmann Capital Advisory Group now owns 29,677 shares of the oil and gas company’s stock valued at $3,450,000 after acquiring an additional 2,546 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

XOM stock opened at $121.15 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization 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 business’s 50-day moving average is $117.78 and its two-hundred day moving average is $116.36. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company earned $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid 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 is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

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.