Chilton Capital Management LLC Trims Stake in Exxon Mobil Corporation $XOM
by Amy Steele · The Cerbat GemChilton Capital Management LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 0.7% in the 2nd quarter, Holdings Channel reports. The fund owned 514,567 shares of the oil and gas company’s stock after selling 3,484 shares during the quarter. Exxon Mobil accounts for approximately 2.0% of Chilton Capital Management LLC’s portfolio, making the stock its 12th biggest position. Chilton Capital Management LLC’s holdings in Exxon Mobil were worth $55,470,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil during the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil during the 2nd quarter valued at approximately $38,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XOM has been the subject of several analyst reports. Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. 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 on the stock. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday, October 7th. Two investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.
Exxon Mobil Stock Performance
XOM opened at $115.89 on Tuesday. The stock’s 50 day simple moving average is $112.77 and its 200 day simple moving average is $109.63. The stock has a market cap of $494.07 billion, a P/E ratio of 16.46, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.
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.
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