Chatham Capital Group Inc. Boosts Stock Holdings in Exxon Mobil Corporation $XOM

Chatham Capital Group Inc. lifted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 51.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,723 shares of the oil and gas company’s stock after acquiring an additional 9,380 shares during the period. Chatham Capital Group Inc.’s holdings in Exxon Mobil were worth $3,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ipsen Advisor Group LLC lifted its holdings in shares of Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares in the last quarter. Nexus Investment Management ULC increased its holdings in Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after buying an additional 89 shares in the last quarter. Sagace Wealth Management LLC increased its holdings in Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares in the last quarter. Creative Capital Management Investments LLC raised its position in Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in Exxon Mobil by 2.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock worth $440,000 after buying an additional 91 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a research report on Tuesday, February 3rd. BMO Capital Markets restated a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.00.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Trading Down 0.9%

Exxon Mobil stock opened at $169.89 on Wednesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $176.41. The firm has a market capitalization of $707.88 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 1.14 and a beta of 0.35. The firm has a 50 day moving average of $150.93 and a 200 day moving average of $129.06. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.4%. Exxon Mobil’s payout ratio is 61.58%.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 11,460 shares of company stock valued at $1,687,854. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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