6,997 Shares in Exxon Mobil Co. (NYSE:XOM) Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,997 shares of the oil and gas company’s stock, valued at approximately $820,000.

A number of other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Exxon Mobil by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after buying an additional 2,676,652 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Legal & General Group Plc increased its stake in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors increased its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, November 4th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $119.31 on Friday. 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 fifty day moving average price of $118.49 and a 200 day moving average price of $116.39. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a market cap of $524.38 billion, a PE ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

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.