J.Safra Asset Management Corp Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

J.Safra Asset Management Corp increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 30.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,052 shares of the oil and gas company’s stock after purchasing an additional 1,409 shares during the period. J.Safra Asset Management Corp’s holdings in Exxon Mobil were worth $640,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in XOM. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after purchasing an additional 1,875,320 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Exxon Mobil by 11,131.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after buying an additional 1,776,848 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.9 %

Shares of NYSE XOM opened at $105.51 on Thursday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The stock has a market cap of $457.82 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a 50-day moving average of $108.98 and a 200 day moving average of $113.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm earned $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.75%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

Several equities research analysts have weighed in on XOM shares. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Mizuho dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

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.