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

Chickasaw Capital Management LLC cut its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,699 shares of the oil and gas company’s stock after selling 846 shares during the period. Chickasaw Capital Management LLC’s holdings in Exxon Mobil were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after acquiring an additional 17,521,080 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after buying an additional 3,094,957 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after buying an additional 3,131,617 shares in the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Cowen lifted their price objective 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. B. Riley lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Mizuho lifted their target price on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, Barclays lifted their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.64.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Down 1.2 %

XOM opened at $99.84 on Friday. Exxon Mobil Co. has a 12 month low of $78.10 and a 12 month high of $119.63. The stock has a market capitalization of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.43 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 $111.74 and a 200 day moving average price of $106.50.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the previous year, the firm posted $2.05 EPS. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is 27.45%.

About Exxon Mobil

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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.