CHICAGO TRUST Co NA Buys 2,591 Shares of Exxon Mobil Corporation $XOM

Key Points

• CHICAGO TRUST Co NA increased its stake in Exxon Mobil by 4.6% in Q2, now holding 58,978 shares valued at approximately $6.36 million.
• Exxon Mobil's recent quarterly earnings topped estimates with a revenue of $81.51 billion, despite a year-over-year decline of 12.4%.
• Analysts have mixed ratings for Exxon Mobil, with an average consensus price target of $125.00 and ratings ranging from Strong Buy to Sell.

CHICAGO TRUST Co NA lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,978 shares of the oil and gas company's stock after acquiring an additional 2,591 shares during the quarter. Exxon Mobil comprises approximately 0.9% of CHICAGO TRUST Co NA's holdings, making the stock its 23rd largest position. CHICAGO TRUST Co NA's holdings in Exxon Mobil were worth $6,358,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC boosted its holdings in shares of Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the period. Jones Financial Companies Lllp boosted its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after acquiring an additional 131,600 shares during the period. Legacy Trust boosted its holdings in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after acquiring an additional 997 shares during the period. Hartford Funds Management Co LLC boosted its holdings in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after acquiring an additional 2,617 shares during the period. Finally, Phoenix Financial Ltd. boosted its holdings in Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after acquiring an additional 18,752 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Piper Sandler increased their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Price Performance

NYSE:XOM opened at $113.94 on Wednesday. The company has a 50-day moving average of $110.52 and a 200-day moving average of $109.40. The company has a market capitalization of $485.75 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.04 and a beta of 0.57. 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 quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Announces Dividend

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

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