Chicago Capital LLC Sells 1,370 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 2nd, 2023

Chicago Capital LLC cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,006 shares of the oil and gas company’s stock after selling 1,370 shares during the period. Exxon Mobil accounts for 1.9% of Chicago Capital LLC’s investment portfolio, making the stock its 21st largest holding. Chicago Capital LLC’s holdings in Exxon Mobil were worth $33,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in XOM. CTC Capital Management LLC acquired a new position in Exxon Mobil in the third quarter valued at approximately $1,807,000. WMG Financial Advisors LLC lifted its stake in Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 108 shares during the period. Polaris Wealth Advisory Group LLC lifted its stake in Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after buying an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $246,000. Finally, Accurate Wealth Management LLC lifted its stake in Exxon Mobil by 4.7% in the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock valued at $6,944,000 after buying an additional 2,859 shares during the period. 57.49% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.2 %

Shares of NYSE:XOM opened at $109.66 on Friday. The company has a market capitalization of $446.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business has a fifty day moving average price of $110.63 and a two-hundred day moving average price of $107.26. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.05 EPS. Analysts forecast that Exxon Mobil Co. will post 9.95 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is 27.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOM. Cowen upped their target price on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. StockNews.com began coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Bank of America upped their target price on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Finally, Piper Sandler lowered their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.