Nuveen Asset Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,736,637 shares of the oil and gas company’s stock after selling 835,902 shares during the quarter. Nuveen Asset Management LLC owned 0.35% of Exxon Mobil worth $901,735,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Roble Belko & Company Inc grew its holdings in Exxon Mobil by 2.4% during the 4th quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 129 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in Exxon Mobil by 0.8% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after acquiring an additional 130 shares in the last quarter. Puzo Michael J grew its holdings in Exxon Mobil by 0.3% during the 4th quarter. Puzo Michael J now owns 41,910 shares of the oil and gas company’s stock worth $2,564,000 after acquiring an additional 135 shares in the last quarter. Destiny Wealth Partners LLC grew its holdings in Exxon Mobil by 1.2% during the 4th quarter. Destiny Wealth Partners LLC now owns 12,050 shares of the oil and gas company’s stock worth $737,000 after acquiring an additional 137 shares in the last quarter. Finally, SMH Capital Advisors Inc. boosted its holdings in shares of Exxon Mobil by 3.5% in the 4th quarter. SMH Capital Advisors Inc. now owns 4,155 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 139 shares during the period. 54.07% of the stock is currently owned by institutional investors.
XOM has been the subject of several research reports. Argus lifted their price target on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Bank of America boosted their target price on shares of Exxon Mobil from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, February 15th. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $100.00 in a research note on Thursday, April 21st. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, March 3rd. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.19.
Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). The company had revenue of $90.50 billion for the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. Exxon Mobil’s revenue for the quarter was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 10.23 earnings per share for the current fiscal year.
Exxon Mobil declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 1st that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the oil and gas company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.64%. The ex-dividend date is Thursday, May 12th. Exxon Mobil’s payout ratio is currently 58.37%.
Exxon Mobil Profile (Get Rating)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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