CHICAGO TRUST Co NA Has $6.20 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Oct 2nd, 2023

CHICAGO TRUST Co NA cut its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,809 shares of the oil and gas company’s stock after selling 481 shares during the quarter. Exxon Mobil accounts for about 1.5% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 9th largest holding. CHICAGO TRUST Co NA’s holdings in Exxon Mobil were worth $6,200,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Stone House Investment Management LLC bought a new position in Exxon Mobil during the 1st quarter worth about $25,000. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $27,000. KB Financial Partners LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. raised its position in Exxon Mobil by 105.4% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock worth $32,000 after buying an additional 157 shares during the last quarter. Finally, Artemis Wealth Advisors LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $36,000. 58.53% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.6 %

Shares of XOM stock opened at $117.58 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a 1 year low of $87.31 and a 1 year high of $120.70. The stock has a fifty day moving average of $111.39 and a two-hundred day moving average of $109.05. The firm has a market capitalization of $470.70 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The firm had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The firm’s quarterly revenue was down 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $4.14 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 9.19 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.10%. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.12%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of the stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey W. Ubben bought 458,000 shares of the stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wolfe Research cut shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and set a $139.00 price target on shares of Exxon Mobil in a research report on Monday, September 25th. UBS Group boosted their price objective on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Truist Financial lowered their price objective on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, July 24th. Finally, Piper Sandler lowered their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.17.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

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.