Charter Oak Capital Management LLC Sells 4,439 Shares of Exxon Mobil Corporation $XOM

Key Points

• Charter Oak Capital Management LLC reduced its holdings in Exxon Mobil by 23.2% during the 2nd quarter, now owning 14,722 shares valued at $1,587,000.
• Company insider Darrin L. Talley sold 2,158 shares at an average price of $110.45, reflecting a 13.50% decrease in his ownership.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing a 3.5% yield based on an annualized dividend of $3.96.

Charter Oak Capital Management LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,722 shares of the oil and gas company's stock after selling 4,439 shares during the quarter. Charter Oak Capital Management LLC's holdings in Exxon Mobil were worth $1,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Bank of New York Mellon Corp lifted its stake in shares of Exxon Mobil by 3.0% in the first 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 buying an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $3,850,167,000 after buying an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in 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 worth $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Amundi grew its holdings in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after buying an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Exxon Mobil by 3.7% during 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 institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Mizuho dropped 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 report on Monday, September 15th. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $124.76.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $1.11 during trading on Friday, reaching $112.82. 38,732,208 shares of the stock traded hands, compared to its average volume of 13,609,037. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a 50-day moving average of $110.54 and a 200-day moving average of $109.34. The stock has a market capitalization of $480.98 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Exxon Mobil 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.