Chevy Chase Trust Holdings LLC Lowers Holdings in Exxon Mobil Corporation (NYSE:XOM)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,421,080 shares of the oil and gas company's stock after selling 18,342 shares during the quarter. Exxon Mobil comprises 0.9% of Chevy Chase Trust Holdings LLC's holdings, making the stock its 16th largest holding. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Exxon Mobil worth $287,939,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $32,000. Clarity Asset Management Inc. lifted its position 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 worth $47,000 after purchasing an additional 100 shares in the last quarter. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $1.78 during midday trading on Thursday, reaching $110.15. 18,288,891 shares of the stock were exchanged, compared to its average volume of 15,737,650. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The company has a market capitalization of $474.71 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.17 and a beta of 0.49. The business's 50-day moving average price is $106.92 and its 200 day moving average price is $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One 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. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.10.

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.