Jackson Square Capital LLC Sells 1,163 Shares of Exxon Mobil Co. (NYSE:XOM)

Jackson Square Capital LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,347 shares of the oil and gas company’s stock after selling 1,163 shares during the period. Jackson Square Capital LLC’s holdings in Exxon Mobil were worth $755,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of XOM. Tallon Kerry Patrick purchased a new stake in Exxon Mobil in the 4th quarter worth $789,000. Union Bancaire Privee UBP SA purchased a new stake in Exxon Mobil in the 4th quarter worth $48,348,000. SOA Wealth Advisors LLC. increased its stake in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after buying an additional 1,595 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $746,000. Finally, Opal Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 5.2% in the fourth quarter. Opal Wealth Advisors LLC now owns 9,841 shares of the oil and gas company’s stock worth $1,059,000 after buying an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $112.06 on Friday. The business has a fifty day moving average of $105.51 and a 200 day moving average of $108.78. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

Several research firms have weighed in on XOM. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Profile

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.