NCM Capital Management LLC Has $2.21 Million Stock Holdings in Exxon Mobil Corporation $XOM

NCM Capital Management LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,539 shares of the oil and gas company’s stock after selling 400 shares during the period. Exxon Mobil comprises approximately 1.0% of NCM Capital Management LLC’s portfolio, making the stock its 19th biggest position. NCM Capital Management LLC’s holdings in Exxon Mobil were worth $2,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the first quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XOM shares. Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group boosted their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $125.00.

Exxon Mobil Trading Up 1.7%

Exxon Mobil stock opened at $111.1220 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business’s 50-day simple moving average is $110.24 and its 200-day simple moving average is $108.88. The firm has a market capitalization of $473.74 billion, a PE ratio of 15.78, a PEG ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.