Jackson Creek Investment Advisors LLC Takes $242,000 Position in Exxon Mobil Co. (NYSE:XOM)

Jackson Creek Investment Advisors LLC bought a new stake in Exxon Mobil Co. (NYSE:XOMGet Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,925 shares of the oil and gas company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at $30,000. Horan Securities Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at $31,000. West Bancorporation Inc. purchased a new position in Exxon Mobil during the fourth quarter valued at $32,000. Nvwm LLC raised its stake in Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its stake in Exxon Mobil by 454.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $89.98 on Tuesday. The stock has a 50-day simple moving average of $91.30 and a two-hundred day simple moving average of $84.82. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The firm has a market capitalization of $379.04 billion, a PE ratio of 14.92, a P/E/G ratio of 0.32 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the prior year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 11.46 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 3.91%. Exxon Mobil’s payout ratio is 58.37%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Citigroup lifted their target price on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Argus lifted their target price on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.73.

Insider Activity

In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at $3,142,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were 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 owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

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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