Nvwm LLC Decreases Position in Exxon Mobil Co. (XOM)

Nvwm LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 17.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,592 shares of the oil and gas company’s stock after selling 1,159 shares during the quarter. Nvwm LLC’s holdings in Exxon Mobil were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its holdings in Exxon Mobil by 0.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,150,490 shares of the oil and gas company’s stock valued at $146,642,000 after acquiring an additional 13,047 shares during the last quarter. Wealth Advisors of Tampa Bay LLC raised its holdings in Exxon Mobil by 95.3% in the 3rd quarter. Wealth Advisors of Tampa Bay LLC now owns 49,452 shares of the oil and gas company’s stock valued at $4,205,000 after acquiring an additional 24,125 shares during the last quarter. Willingdon Wealth Management raised its holdings in Exxon Mobil by 12.3% in the 3rd quarter. Willingdon Wealth Management now owns 70,271 shares of the oil and gas company’s stock valued at $5,974,000 after acquiring an additional 7,718 shares during the last quarter. Pope Asset Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $297,000. Finally, RB Capital Management LLC raised its holdings in Exxon Mobil by 11.1% in the 4th quarter. RB Capital Management LLC now owns 8,608 shares of the oil and gas company’s stock valued at $587,000 after acquiring an additional 859 shares during the last quarter. Institutional investors own 54.62% of the company’s stock.

Shares of NYSE XOM opened at $76.37 on Thursday. The company has a market cap of $319.46 billion, a PE ratio of 15.49, a PEG ratio of 1.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36.



Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date is Friday, May 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.56%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

XOM has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $95.00 price objective on shares of Exxon Mobil in a report on Tuesday, February 19th. Argus reiterated a “buy” rating on shares of Exxon Mobil in a report on Wednesday, February 6th. Goldman Sachs Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $87.00 price target on shares of Exxon Mobil in a report on Tuesday, February 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.24.

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About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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