Chesley Taft & Associates LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Chesley Taft & Associates LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,537 shares of the oil and gas company’s stock after buying an additional 555 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Exxon Mobil were worth $14,692,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. Tallon Kerry Patrick purchased a new position in Exxon Mobil during the fourth quarter valued at $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil during the fourth quarter valued at $48,348,000. SeaBridge Investment Advisors LLC raised its position in shares of Exxon Mobil by 16.3% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 9,734 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 1,362 shares during the last quarter. Alpha Omega Wealth Management LLC raised its holdings in Exxon Mobil by 6.2% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 23,290 shares of the oil and gas company’s stock worth $2,505,000 after buying an additional 1,360 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in Exxon Mobil by 2.6% in the 4th quarter. Independence Bank of Kentucky now owns 36,841 shares of the oil and gas company’s stock worth $3,963,000 after acquiring an additional 945 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.4%

Shares of NYSE:XOM opened at $102.33 on Thursday. The stock has a 50 day moving average of $106.06 and a 200 day moving average of $109.42. The company has a market cap of $441.01 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group lowered their price target on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Company 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.