Jacobsen Capital Management Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Jacobsen Capital Management trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,559 shares of the oil and gas company’s stock after selling 921 shares during the quarter. Jacobsen Capital Management’s holdings in Exxon Mobil were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Vertex Planning Partners LLC lifted its stake in Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC lifted its stake in Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its stake in Exxon Mobil by 0.6% during the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares in the last quarter. Finally, West Oak Capital LLC lifted its stake in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Morgan Stanley increased their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.95 on Wednesday. The stock’s 50-day moving average is $110.10 and its two-hundred day moving average is $115.13. The firm has a market cap of $483.22 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.79 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.