JBR Co Financial Management Inc Lowers Position in Exxon Mobil Corporation $XOM

JBR Co Financial Management Inc reduced its stake in Exxon Mobil Corporation by 56.3% in Q2, as per its latest SEC filing. The fund now owns 6,618 shares worth $713,000. Several other hedge funds also adjusted their positions in Exxon Mobil. Analysts have set new price targets, with an average rating of 'Moderate Buy' and an average price target of $128.67. Exxon Mobil's stock opened at $117.75, with a market cap of $496.58 billion. The company recently increased its quarterly dividend to $1.03 per share.

JBR Co Financial Management Inc decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,618 shares of the oil and gas company's stock after selling 8,530 shares during the quarter. JBR Co Financial Management Inc's holdings in Exxon Mobil were worth $713,000 at the end of the most recent quarter.

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Several other hedge funds have also bought and sold shares of the stock. Elequin Capital LP bought a new stake in Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the second quarter worth $38,000. Finally, Bare Financial Services Inc raised its stake in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of Exxon Mobil in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They set an "overweight" rating and a $156.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $128.67.

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Check Out Our Latest Report on Exxon Mobil

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $117.75 on Thursday. The company has a market capitalization of $496.58 billion, a PE ratio of 17.12, a P/E/G ratio of 1.47 and a beta of 0.38. The company has a 50-day simple moving average of $115.02 and a two-hundred day simple moving average of $111.54. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

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Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 59.88%.

About Exxon Mobil

(Free Report)

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.

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