Nicholas Wealth LLC. Increases Stock Position in Exxon Mobil Corporation $XOM

Nicholas Wealth LLC. grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 17.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,288 shares of the oil and gas company’s stock after purchasing an additional 1,966 shares during the quarter. Nicholas Wealth LLC.’s holdings in Exxon Mobil were worth $1,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Eagle Capital Management LLC boosted its stake in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Brucke Financial Inc. lifted its stake in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Exxon Mobil by 11.6% during the first quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 395 shares during the period. Obermeyer Wealth Partners boosted its position in Exxon Mobil by 17.2% during the first quarter. Obermeyer Wealth Partners now owns 175,508 shares of the oil and gas company’s stock worth $20,873,000 after acquiring an additional 25,777 shares during the last quarter. Finally, Ignite Planners LLC grew its stake in Exxon Mobil by 8.6% in the 1st quarter. Ignite Planners LLC now owns 16,870 shares of the oil and gas company’s stock worth $2,006,000 after acquiring an additional 1,343 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Mizuho dropped their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Finally, Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.67.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 1.1%

NYSE XOM opened at $119.02 on Wednesday. The firm has a market capitalization of $501.91 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company’s 50 day moving average price is $114.40 and its 200 day moving average price is $110.86.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

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.