Jacobs & Co. CA Sells 18,694 Shares of Exxon Mobil Co. (NYSE:XOM)

Jacobs & Co. CA trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,367 shares of the oil and gas company’s stock after selling 18,694 shares during the quarter. Jacobs & Co. CA’s holdings in Exxon Mobil were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Canandaigua National Bank & Trust Co. boosted its holdings in shares of Exxon Mobil by 1.3% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock valued at $20,116,000 after acquiring an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 61.2% during the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after acquiring an additional 4,525 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of Exxon Mobil by 0.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock valued at $13,548,000 after acquiring an additional 1,440 shares during the last quarter. Mount Vernon Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 83.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after acquiring an additional 6,103 shares during the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in shares of Exxon Mobil by 2.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after acquiring an additional 4,922 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

XOM has been the topic of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. UBS Group dropped their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Royal Bank of Canada reaffirmed a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $78.91.

NYSE XOM traded down $1.37 on Friday, reaching $70.77. 11,673,915 shares of the stock were exchanged, compared to its average volume of 11,457,568. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $83.49. The firm has a market capitalization of $309.25 billion, a PE ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. The company’s 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $72.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The company had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter last year, the business earned $0.82 EPS. The firm’s revenue was down 15.1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s payout ratio is currently 70.59%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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

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