The Chesley Taft & Associates LLC Purchases 8,937 Shares of Exxon Mobil Co. (XOM)

The Chesley Taft & Associates LLC Purchases 8,937 Shares of Exxon Mobil Co. (XOM)

Several other hedge funds have also recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $101,000. Psagot Investment House Ltd. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $119,000. Empirical Finance LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $172,000. Cordasco Financial Network increased its stake in Exxon Mobil by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares in the last quarter. Finally, Mosaic Financial Partners Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $202,000. 51.09% of the stock is owned by institutional investors and hedge funds.

Chesley Taft & Associates LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,646 shares of the oil and gas company’s stock after buying an additional 8,937 shares during the period. Exxon Mobil comprises about 2.2% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 6th largest position. Chesley Taft & Associates LLC’s holdings in Exxon Mobil were worth $23,508,000 as of its most recent SEC filing.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at 79.50 on Monday. The company has a 50 day moving average price of $81.71 and a 200-day moving average price of $84.21. Exxon Mobil Co. has a 12-month low of $79.26 and a 12-month high of $95.55. The firm has a market cap of $336.86 billion, a PE ratio of 33.17 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The firm had revenue of $63.29 billion for the quarter, compared to analysts’ expectations of $64.88 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Analysts expect that Exxon Mobil Co. will post $3.95 EPS for the current year.

Several analysts have commented on XOM shares. Vetr downgraded Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $88.94 price objective for the company. in a research note on Monday, February 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a research note on Tuesday, April 25th. Bank of America Corp raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Argus reaffirmed a “focus list” rating and set a $104.00 price objective (up from $91.00) on shares of Exxon Mobil in a research note on Thursday, May 18th. Finally, Scotiabank set a $85.00 price objective on Exxon Mobil and gave the company a “hold” rating in a research note on Monday, March 27th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $89.08. About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XOM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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