Chatham Capital Group Inc. Buys 987 Shares of Exxon Mobil Co. (NYSE:XOM)

Chatham Capital Group Inc. lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 5.4% during the first quarter, Holdings Channel reports. The fund owned 19,295 shares of the oil and gas company’s stock after acquiring an additional 987 shares during the quarter. Chatham Capital Group Inc.’s holdings in Exxon Mobil were worth $2,295,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $102.33 on Thursday. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.02 and a beta of 0.51. The stock’s 50 day moving average price is $106.06 and its two-hundred day moving average price is $109.42.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the firm earned $2.06 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

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.