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

Challenger Wealth Management bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 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 investment portfolio, making the stock its 11th largest position.

A number of other large investors also recently modified their holdings of XOM. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $36,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. lifted its stake in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.2%

Shares of NYSE:XOM traded up $0.18 during trading on Thursday, hitting $102.29. 6,784,514 shares of the company's stock traded hands, compared to its average volume of 15,513,176. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $440.81 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a 50-day moving average price of $107.50 and a 200-day moving average price of $110.02.

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

Exxon Mobil Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Bernstein Bank increased their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Piper Sandler reissued a "hold" rating on shares of Exxon Mobil in a research note on Wednesday. Finally, HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine 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 stock has an average rating of "Moderate Buy" and a consensus target price 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.