Challenger Wealth Management Takes Position in Exxon Mobil Co. (NYSE:XOM)

Challenger Wealth Management acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,893 shares of the oil and gas company's stock, valued at approximately $2,678,000. Exxon Mobil makes up 2.3% of Challenger Wealth Management's portfolio, making the stock its 11th biggest holding.

Several other hedge funds also recently modified their holdings of XOM. Tallon Kerry Patrick bought a new stake in Exxon Mobil during the 4th quarter valued at $789,000. XML Financial LLC increased its stake in Exxon Mobil by 1.2% during the 4th quarter. XML Financial LLC now owns 48,284 shares of the oil and gas company's stock valued at $5,194,000 after purchasing an additional 592 shares in the last quarter. Eads & Heald Wealth Management grew its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Eads & Heald Wealth Management now owns 16,747 shares of the oil and gas company's stock worth $1,802,000 after acquiring an additional 127 shares in the last quarter. Missouri Trust & Investment Co grew its stake in shares of Exxon Mobil by 16.8% in the 4th quarter. Missouri Trust & Investment Co now owns 2,313 shares of the oil and gas company's stock worth $249,000 after acquiring an additional 332 shares in the last quarter. Finally, MBM Wealth Consultants LLC grew its stake in shares of Exxon Mobil by 7.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 2,659 shares of the oil and gas company's stock worth $285,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded up $0.45 during trading hours on Tuesday, reaching $103.48. The company's stock had a trading volume of 13,011,033 shares, compared to its average volume of 15,545,595. The firm's 50-day moving average price is $108.01 and its 200-day moving average price is $110.13. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $445.96 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.83%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Piper Sandler reduced their target price on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $125.50.

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.