Shayne & Jacobs LLC Acquires 527 Shares of Exxon Mobil Corporation $XOM

Shayne & Jacobs LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,830 shares of the oil and gas company’s stock after acquiring an additional 527 shares during the quarter. Shayne & Jacobs LLC’s holdings in Exxon Mobil were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC lifted its stake in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after purchasing an additional 13,582 shares during the last quarter. Eagle Capital Management LLC lifted its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new stake in Exxon Mobil during the first quarter worth about $200,000. Brucke Financial Inc. lifted its stake in Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in Exxon Mobil by 9.9% during the first quarter. Sound Income Strategies LLC now owns 20,081 shares of the oil and gas company’s stock worth $2,388,000 after purchasing an additional 1,817 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.2%

Shares of NYSE:XOM opened at $112.11 on Tuesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26. The company has a market cap of $477.97 billion, a PE ratio of 15.93, a P/E/G ratio of 2.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock’s 50-day moving average is $111.42 and its 200 day moving average is $109.32.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Analyst Ratings Changes

Several research analysts have recently commented on XOM shares. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Finally, Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.05.

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.