Chiron Investment Management LLC Has $4.19 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Chiron Investment Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 81.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,744 shares of the oil and gas company's stock after purchasing an additional 16,049 shares during the period. Chiron Investment Management LLC's holdings in Exxon Mobil were worth $4,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Austin Private Wealth LLC grew its position in shares of Exxon Mobil by 1.3% in the 2nd quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company's stock worth $4,673,000 after acquiring an additional 529 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Exxon Mobil by 16.4% during the second quarter. V Square Quantitative Management LLC now owns 2,058 shares of the oil and gas company's stock valued at $237,000 after purchasing an additional 290 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in shares of Exxon Mobil by 1.9% during the second quarter. Howard Capital Management Group LLC now owns 16,224 shares of the oil and gas company's stock worth $1,868,000 after purchasing an additional 300 shares during the period. Monetary Management Group Inc. raised its holdings in shares of Exxon Mobil by 95.8% during the second quarter. Monetary Management Group Inc. now owns 11,650 shares of the oil and gas company's stock worth $1,341,000 after purchasing an additional 5,700 shares during the period. Finally, Farmers Trust Co. lifted its position in shares of Exxon Mobil by 2.5% in the 2nd quarter. Farmers Trust Co. now owns 32,159 shares of the oil and gas company's stock worth $3,702,000 after buying an additional 784 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.8 %

Shares of NYSE XOM traded down $0.86 during mid-day trading on Wednesday, hitting $111.81. 11,004,142 shares of the company traded hands, compared to its average volume of 16,227,725. The business has a 50 day moving average of $119.53 and a two-hundred day moving average of $116.46. The stock has a market capitalization of $491.42 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 4.74 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the company posted $2.27 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's payout ratio is 49.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Royal Bank of Canada dropped their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 26th. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil 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.