Charter Oak Capital Management LLC Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Charter Oak Capital Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,161 shares of the oil and gas company’s stock after selling 347 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Exxon Mobil were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the 4th quarter worth about $36,000. Finally, Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $104.29 on Friday. The company has a market cap of $449.45 billion, a P/E ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business’s 50-day simple moving average is $105.42 and its 200 day simple moving average is $109.11.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group decreased their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank reduced their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $125.50.

About Exxon Mobil

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.