CHURCHILL MANAGEMENT Corp Has $13.69 Million Stake in Exxon Mobil Co. (NYSE:XOM)

CHURCHILL MANAGEMENT Corp trimmed its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,788 shares of the oil and gas company’s stock after selling 805 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Exxon Mobil were worth $13,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $30,000. Horan Securities Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $31,000. West Bancorporation Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $32,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $42,000. Finally, Nvwm LLC increased its holdings in shares of Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Shares of NYSE XOM opened at $87.86 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The company has a market cap of $370.11 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The stock has a 50-day moving average price of $91.53 and a two-hundred day moving average price of $80.64.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm’s revenue was up 53.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Several equities analysts have commented on XOM shares. Cowen upped their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Cowen upped their price objective on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday, June 6th. Finally, Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $100.00 in a research report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $89.24.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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