Chevy Chase Trust Holdings LLC Has $260.81 Million Position in Exxon Mobil Corporation $XOM

Chevy Chase Trust Holdings LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,419,418 shares of the oil and gas company’s stock after selling 1,662 shares during the quarter. Exxon Mobil comprises 0.8% of Chevy Chase Trust Holdings LLC’s portfolio, making the stock its 17th biggest holding. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Exxon Mobil worth $260,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arista Wealth Management LLC grew its position in shares of Exxon Mobil by 571.8% in the second quarter. Arista Wealth Management LLC now owns 33,767 shares of the oil and gas company’s stock valued at $3,640,000 after purchasing an additional 28,741 shares during the last quarter. AssuredPartners Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 4.9% in the second quarter. AssuredPartners Investment Advisors LLC now owns 46,612 shares of the oil and gas company’s stock valued at $5,025,000 after buying an additional 2,198 shares during the period. BXM Wealth LLC lifted its stake in shares of Exxon Mobil by 2.8% in the second quarter. BXM Wealth LLC now owns 4,545 shares of the oil and gas company’s stock valued at $490,000 after buying an additional 123 shares during the period. Riverbend Wealth Management LLC lifted its stake in shares of Exxon Mobil by 8.6% in the second quarter. Riverbend Wealth Management LLC now owns 6,487 shares of the oil and gas company’s stock valued at $699,000 after buying an additional 514 shares during the period. Finally, SilverOak Wealth Management LLC lifted its stake in shares of Exxon Mobil by 12.2% in the second quarter. SilverOak Wealth Management LLC now owns 3,054 shares of the oil and gas company’s stock valued at $329,000 after buying an additional 333 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.20 on Monday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a 50 day moving average of $111.83 and a 200-day moving average of $109.16. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 56.25%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XOM. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday. They set an “overweight” rating and a $156.00 price target for the company. Barclays cut their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $127.58.

Get Our Latest Stock Report on XOM

About Exxon Mobil

(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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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