3Chopt Investment Partners LLC Acquires 4,373 Shares of Exxon Mobil Corporation $XOM

3Chopt Investment Partners LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,763 shares of the oil and gas company's stock after purchasing an additional 4,373 shares during the period. 3Chopt Investment Partners LLC's holdings in Exxon Mobil were worth $2,669,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Amundi increased its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after purchasing an additional 2,329,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after buying an additional 909,386 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $110.93 on Monday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $111.32 and a 200-day moving average price of $109.36. The firm has a market capitalization of $472.93 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Mizuho decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

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.

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