Jessup Wealth Management Inc Takes Position in Exxon Mobil Co. (NYSE:XOM)

Jessup Wealth Management Inc bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,972 shares of the oil and gas company’s stock, valued at approximately $427,000.

Several other hedge funds also recently bought and sold shares of XOM. Boyd Watterson Asset Management LLC OH grew its position in Exxon Mobil by 10.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 49,786 shares of the oil and gas company’s stock valued at $5,836,000 after acquiring an additional 4,750 shares during the last quarter. Asset Planning Services Inc. LA ADV grew its position in shares of Exxon Mobil by 2.9% during the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 50,130 shares of the oil and gas company’s stock worth $5,876,000 after buying an additional 1,400 shares in the last quarter. PSI Advisors LLC grew its position in shares of Exxon Mobil by 3.7% during the 3rd quarter. PSI Advisors LLC now owns 7,006 shares of the oil and gas company’s stock worth $821,000 after buying an additional 251 shares in the last quarter. Fairman Group LLC grew its position in shares of Exxon Mobil by 107.8% during the 3rd quarter. Fairman Group LLC now owns 2,649 shares of the oil and gas company’s stock worth $310,000 after buying an additional 1,374 shares in the last quarter. Finally, Grimes & Company Inc. grew its position in shares of Exxon Mobil by 0.7% during the 3rd quarter. Grimes & Company Inc. now owns 70,555 shares of the oil and gas company’s stock worth $8,271,000 after buying an additional 506 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. HSBC dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Down 1.2 %

Exxon Mobil stock opened at $110.67 on Friday. The stock has a 50-day moving average of $108.60 and a two-hundred day moving average of $114.49. 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 Co. has a one year low of $102.88 and a one year high of $126.34. The stock has a market cap of $480.20 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm earned $2.48 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.