Chapin Davis Inc. Sells 649 Shares of Exxon Mobil Co. (NYSE:XOM)

Chapin Davis Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,518 shares of the oil and gas company’s stock after selling 649 shares during the quarter. Chapin Davis Inc.’s holdings in Exxon Mobil were worth $525,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at $80,000. Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the 4th quarter valued at $80,000. Finally, Orion Capital Management LLC purchased a new position in Exxon Mobil during the 3rd quarter worth $91,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1 %

Shares of Exxon Mobil stock opened at $114.96 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $115.25 and its 200-day moving average price is $109.72. The company has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.83 earnings per share. On average, equities analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. UBS Group lifted their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Finally, Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $133.82.

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.