Exxon Mobil Co. (NYSE:XOM) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 562,030 shares of the oil and gas company’s stock after selling 31,524 shares during the quarter. Exxon Mobil accounts for approximately 2.9% of Chilton Capital Management LLC’s holdings, making the stock its 6th biggest position. Chilton Capital Management LLC’s holdings in Exxon Mobil were worth $64,701,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $5,519,753,000. Global Assets Advisory LLC boosted its stake in shares of Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Exxon Mobil by 565.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after acquiring an additional 11,199,696 shares during the last quarter. Capital International Investors boosted its stake in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Mizuho increased their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.19 on Friday. The firm has a market capitalization of $446.31 billion, a P/E ratio of 13.87, a P/E/G ratio of 4.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business’s 50-day simple moving average is $115.99 and its 200-day simple moving average is $114.66.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. Equities analysts predict that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is currently 46.57%.

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.