ExxonMobil Corporation $XOM Stock Position Increased by Nilsine Partners LLC

Nilsine Partners LLC raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 22.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,492 shares of the oil and gas company’s stock after purchasing an additional 15,326 shares during the period. ExxonMobil accounts for approximately 0.8% of Nilsine Partners LLC’s holdings, making the stock its 29th biggest position. Nilsine Partners LLC’s holdings in ExxonMobil were worth $11,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Portus Wealth Advisors LLC acquired a new position in shares of ExxonMobil during the first quarter worth approximately $36,000. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its stake in ExxonMobil by 776.9% during the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and raised their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Morgan Stanley lowered their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Freedom Capital upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Trading Up 0.9%

Shares of ExxonMobil stock opened at $160.08 on Friday. The business has a fifty day simple moving average of $147.00 and a 200-day simple moving average of $150.45. ExxonMobil Corporation has a fifty-two week low of $105.67 and a fifty-two week high of $176.41. The firm has a market cap of $663.52 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, equities analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.

ExxonMobil Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.