Exxon Mobil Co. (NYSE:XOM) Position Decreased by Nicolet Advisory Services LLC
Nicolet Advisory Services LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,676 shares of the oil and gas company’s stock after selling 1,636 shares during the period. Nicolet Advisory Services LLC’s holdings in Exxon Mobil were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of XOM. FMR LLC lifted its stake in Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Exxon Mobil by 7,471.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Exxon Mobil by 224.9% during the fourth quarter. Nomura Holdings Inc. now owns 449,349 shares of the oil and gas company’s stock valued at $31,259,000 after buying an additional 809,199 shares in the last quarter. Inlet Private Wealth LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $48,697,000. Finally, Royal London Asset Management Ltd. lifted its stake in Exxon Mobil by 31.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,433,662 shares of the oil and gas company’s stock valued at $165,903,000 after buying an additional 587,387 shares in the last quarter. Institutional investors own 54.49% of the company’s stock.
A number of research firms have commented on XOM. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. HSBC reaffirmed a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a research note on Thursday, May 23rd. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.59.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Research analysts expect that Exxon Mobil Co. will post 3.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.97%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is presently 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares in the company, valued at approximately $16,750,751.82. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.
Exxon Mobil Company Profile
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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