Exxon Mobil Co. (NYSE:XOM) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,869 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Exxon Mobil were worth $1,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the third quarter worth approximately $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Up 0.8 %

Shares of XOM stock traded up $0.89 on Tuesday, reaching $108.63. 7,814,223 shares of the company’s stock traded hands, compared to its average volume of 12,442,166. The business’s 50 day moving average price is $114.23 and its two-hundred day moving average price is $115.83. The company has a market capitalization of $477.44 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.