Exxon Mobil Corporation $XOM is Chelsea Counsel Co.'s 9th Largest Position

Key Points

• Chelsea Counsel Co. has reduced its stake in Exxon Mobil by 4.2% in the first quarter, now holding 55,317 shares worth approximately $6.58 million, making it the firm's 9th largest position.
• Institutional investors currently own 61.80% of Exxon Mobil's stock, with various firms either purchasing new stakes or adjusting their existing holdings recently.
• Exxon Mobil reported earnings of $1.64 per share for its last quarter, beating estimates, and also announced a quarterly dividend of $0.99 per share, yielding about 3.5% annually.

Chelsea Counsel Co. decreased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,317 shares of the oil and gas company's stock after selling 2,450 shares during the quarter. Exxon Mobil comprises 3.6% of Chelsea Counsel Co.'s portfolio, making the stock its 9th biggest holding. Chelsea Counsel Co.'s holdings in Exxon Mobil were worth $6,579,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the 1st quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business's 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 $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Wall Street Zen cut Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Price Performance

XOM stock opened at $112.31 on Wednesday. The business has a fifty day moving average of $110.52 and a two-hundred day moving average of $109.11. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $478.82 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.05 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.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

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.

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