Jupiter Asset Management Ltd. Buys 38,344 Shares of Exxon Mobil Co. (NYSE:XOM)

Jupiter Asset Management Ltd. increased its stake in Exxon Mobil Co. (NYSE:XOM) by 87.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,968 shares of the oil and gas company’s stock after purchasing an additional 38,344 shares during the period. Jupiter Asset Management Ltd.’s holdings in Exxon Mobil were worth $8,787,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XOM. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Exxon Mobil by 100,169.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock valued at $110,718,458,000 after acquiring an additional 1,031,310,373 shares during the last quarter. FMR LLC raised its position in shares of Exxon Mobil by 1.9% during the 1st quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock valued at $15,895,144,000 after acquiring an additional 2,680,850 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock valued at $8,084,883,000 after acquiring an additional 520,794 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares during the last quarter. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Trading Up 2.4 %

Shares of NYSE:XOM opened at $104.97 on Friday. Exxon Mobil Co. has a 52-week low of $98.02 and a 52-week high of $120.70. The company has a market capitalization of $415.99 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. The company has a 50-day simple moving average of $110.60 and a 200 day simple moving average of $108.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.09). Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The firm had revenue of $90.76 billion during the quarter, compared to analyst estimates of $93.41 billion. During the same quarter last year, the business posted $4.45 earnings per share. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.3 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be paid a $0.95 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a yield of 3.62%. The ex-dividend date is Tuesday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 37.74%.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Mizuho lowered their price objective on shares of Exxon Mobil from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Tuesday. Truist Financial upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and upped their price objective for the company from $110.00 to $131.00 in a research report on Thursday, October 12th. Bank of America upped their price objective on shares of Exxon Mobil from $145.00 to $150.00 in a research report on Wednesday, September 27th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $105.00 in a research report on Thursday, August 31st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey W. Ubben acquired 250,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the transaction, the director now directly owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

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.