Chancellor Financial Group WB LP Purchases Shares of 6,562 Exxon Mobil Co. (NYSE:XOM)

Chancellor Financial Group WB LP acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,562 shares of the oil and gas company’s stock, valued at approximately $706,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triton Wealth Management PLLC increased its holdings in Exxon Mobil by 2.8% in the 4th quarter. Triton Wealth Management PLLC now owns 9,163 shares of the oil and gas company’s stock worth $986,000 after buying an additional 249 shares during the period. 111 Capital acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $3,896,000. Thoma Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $208,000. Members Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $281,000. Finally, Keystone Financial Services LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $429,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4%

XOM stock opened at $103.48 on Wednesday. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The business’s 50-day moving average is $107.77 and its 200 day moving average is $110.08. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $445.96 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.50.

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.