Exxon Mobil Co. (NYSE:XOM) Stock Position Decreased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,036 shares of the oil and gas company’s stock after selling 2,038 shares during the period. Chesley Taft & Associates LLC’s holdings in Exxon Mobil were worth $14,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its holdings in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $125.36 on Tuesday. The stock has a 50 day moving average of $116.31 and a two-hundred day moving average of $116.02. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $494.30 billion, a P/E ratio of 15.36, a P/E/G ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during 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%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.03%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley lowered their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.18.

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.