Jupiter Wealth Management LLC Purchases 8,000 Shares of Exxon Mobil Co. (NYSE:XOM)

Jupiter Wealth Management LLC boosted its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 160.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,000 shares of the oil and gas company’s stock after acquiring an additional 8,000 shares during the period. Jupiter Wealth Management LLC’s holdings in Exxon Mobil were worth $1,073,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $30,000. Horan Securities Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $31,000. West Bancorporation Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $32,000. GW&K Investment Management LLC acquired a new position in Exxon Mobil in the first quarter valued at about $32,000. Finally, Nvwm LLC raised its position in shares of Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares during the period. Institutional investors own 54.07% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM traded up $0.61 during mid-day trading on Wednesday, hitting $92.07. 161,826 shares of the stock were exchanged, compared to its average volume of 19,469,090. The stock has a market capitalization of $383.71 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The firm’s 50-day simple moving average is $89.96 and its 200 day simple moving average is $86.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 12.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.82%. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 7,147 shares of company stock valued at $698,858. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Credit Suisse Group reaffirmed an “outperform” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, August 11th. Cowen raised their price target on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Argus lifted their target price on Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Finally, Bank of America lifted their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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