Chilton Capital Management LLC Sells 27,645 Shares of Exxon Mobil Corporation (NYSE:XOM)

Chilton Capital Management LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 518,051 shares of the oil and gas company's stock after selling 27,645 shares during the period. Exxon Mobil comprises about 2.7% of Chilton Capital Management LLC's investment portfolio, making the stock its 7th largest position. Chilton Capital Management LLC's holdings in Exxon Mobil were worth $61,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of Exxon Mobil by 14.5% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 71,470 shares of the oil and gas company's stock worth $8,500,000 after purchasing an additional 9,046 shares during the last quarter. Traveka Wealth LLC grew its holdings in shares of Exxon Mobil by 31.8% in the first quarter. Traveka Wealth LLC now owns 9,653 shares of the oil and gas company's stock worth $1,148,000 after purchasing an additional 2,329 shares during the last quarter. Pure Portfolios Holdings LLC grew its holdings in shares of Exxon Mobil by 28.2% in the first quarter. Pure Portfolios Holdings LLC now owns 3,657 shares of the oil and gas company's stock worth $435,000 after purchasing an additional 805 shares during the last quarter. Tradewinds LLC. grew its position in shares of Exxon Mobil by 2.0% during the 1st quarter. Tradewinds LLC. now owns 15,988 shares of the oil and gas company's stock worth $1,901,000 after buying an additional 312 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth $45,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 2.8%

Exxon Mobil stock traded up $3.08 during midday trading on Tuesday, reaching $114.19. The company's stock had a trading volume of 17,907,952 shares, compared to its average volume of 15,778,755. The stock's 50-day simple moving average is $107.37 and its 200-day simple moving average is $108.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market capitalization of $492.12 billion, a P/E ratio of 15.14, a PEG ratio of 2.16 and a beta of 0.50.

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, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the business 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 year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Piper Sandler increased their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank dropped their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group dropped their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.55.

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.