Chesley Taft & Associates LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,833 shares of the oil and gas company’s stock after selling 7,959 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Exxon Mobil were worth $11,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC boosted its position in shares of Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $26,000. Asset Planning Services Ltd. boosted its position in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $43,000. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $45,000. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XOM traded down $0.36 during mid-day trading on Monday, hitting $68.61. 3,810,234 shares of the company’s stock were exchanged, compared to its average volume of 11,495,629. The company has a market cap of $287.63 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 1.99 and a beta of 0.99. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $86.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock’s 50-day moving average is $70.06 and its 200-day moving average is $75.09.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 5.07%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.
XOM has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Sunday, August 4th. Berenberg Bank reaffirmed a “hold” rating and issued a $63.00 target price (down previously from $73.00) on shares of Exxon Mobil in a research report on Monday. Finally, Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $80.52.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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