Chickasaw Capital Management LLC Sells 286 Shares of Exxon Mobil Co. (NYSE:XOM)

Chickasaw Capital Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,019 shares of the oil and gas company’s stock after selling 286 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Exxon Mobil were worth $2,862,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after purchasing an additional 2,953,857 shares during the period. BlackRock Inc. boosted its position in Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after purchasing an additional 1,069,038 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Exxon Mobil by 5,514.1% in the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the period. California Public Employees Retirement System boosted its position in shares of Exxon Mobil by 22.2% in the third quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock valued at $738,453,000 after acquiring an additional 1,902,091 shares during the period. Finally, Eaton Vance Management boosted its position in shares of Exxon Mobil by 0.4% in the second quarter. Eaton Vance Management now owns 8,034,970 shares of the oil and gas company’s stock valued at $615,684,000 after acquiring an additional 28,217 shares during the period. 54.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE XOM opened at $69.80 on Tuesday. The business has a fifty day simple moving average of $69.49 and a 200 day simple moving average of $70.82. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $292.54 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 2.19 and a beta of 1.00. Exxon Mobil Co. has a one year low of $66.31 and a one year high of $83.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. Exxon Mobil’s revenue was down 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 2.42 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Berenberg Bank reissued a “neutral” rating and issued a $63.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. Credit Suisse Group reissued a “neutral” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research report on Thursday, January 9th. Jefferies Financial Group reissued a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. Bank of America raised Exxon Mobil to a “buy” rating in a research report on Tuesday, January 7th. Finally, Goldman Sachs Group reduced their price objective on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $78.33.

In related news, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $69.51, for a total value of $668,338.65. Also, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at $14,422,587.14. The disclosure for this sale can be found here. Corporate insiders own 0.05% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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