Chelsea Counsel Co. Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Chelsea Counsel Co. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,967 shares of the oil and gas company's stock after selling 5,732 shares during the quarter. Exxon Mobil accounts for 3.6% of Chelsea Counsel Co.'s holdings, making the stock its 7th biggest position. Chelsea Counsel Co.'s holdings in Exxon Mobil were worth $7,381,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted its stake in shares of Exxon Mobil by 16.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,058 shares of the oil and gas company's stock worth $237,000 after buying an additional 290 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Exxon Mobil by 4.9% during the second quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock worth $283,000 after acquiring an additional 114 shares during the period. Baader Bank Aktiengesellschaft grew its position in shares of Exxon Mobil by 22.5% in the second quarter. Baader Bank Aktiengesellschaft now owns 53,917 shares of the oil and gas company's stock valued at $6,192,000 after purchasing an additional 9,910 shares during the last quarter. Breed s Hill Capital LLC increased its stake in shares of Exxon Mobil by 40.2% during the second quarter. Breed s Hill Capital LLC now owns 4,465 shares of the oil and gas company's stock worth $514,000 after purchasing an additional 1,280 shares during the period. Finally, Hengehold Capital Management LLC lifted its holdings in Exxon Mobil by 4.7% during the 2nd quarter. Hengehold Capital Management LLC now owns 34,380 shares of the oil and gas company's stock worth $3,958,000 after purchasing an additional 1,552 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on XOM shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday. TD Cowen lifted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $129.84.

Exxon Mobil Trading Down 0.1 %

NYSE XOM traded down $0.10 during mid-day trading on Thursday, reaching $111.82. 14,486,387 shares of the stock were exchanged, compared to its average volume of 16,311,505. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $491.46 billion, a P/E ratio of 13.87, a P/E/G ratio of 4.74 and a beta of 0.89. The stock has a 50 day simple moving average of $119.34 and a 200-day simple moving average of $116.43. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is currently 49.32%.

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.