Chapman Investment Management LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Chapman Investment Management LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 47.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,241 shares of the oil and gas company’s stock after selling 5,706 shares during the period. Exxon Mobil makes up 0.5% of Chapman Investment Management LLC’s portfolio, making the stock its 27th biggest position. Chapman Investment Management LLC’s holdings in Exxon Mobil were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of XOM. First Pacific Financial acquired a new position in shares of Exxon Mobil in the first quarter worth about $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $50,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Barclays cut 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. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, UBS Group increased their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM traded down $0.04 on Friday, reaching $113.21. 529,829 shares of the stock traded hands, compared to its average volume of 17,832,852. The firm’s fifty day simple moving average is $114.22 and its 200 day simple moving average is $110.34. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $446.39 billion, a price-to-earnings ratio of 13.87, a P/E/G 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 issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 9.02 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Exxon Mobil Company 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.