Nilsine Partners LLC Purchases 5,478 Shares of Exxon Mobil Co. (NYSE:XOM)

Nilsine Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,644 shares of the oil and gas company’s stock after acquiring an additional 5,478 shares during the period. Exxon Mobil accounts for approximately 0.7% of Nilsine Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Nilsine Partners LLC’s holdings in Exxon Mobil were worth $6,093,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Exxon Mobil in the second quarter valued at about $133,000. Granite Bay Wealth Management LLC grew its position in shares of Exxon Mobil by 45.1% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 1,231 shares in the last quarter. Souders Financial Advisors raised its stake in Exxon Mobil by 5.6% in the second quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company’s stock valued at $496,000 after purchasing an additional 230 shares in the last quarter. Gibson Wealth Advisors LLC grew its position in Exxon Mobil by 5.4% in the second quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company’s stock worth $2,454,000 after acquiring an additional 1,094 shares in the last quarter. Finally, RiverFront Investment Group LLC increased its position in shares of Exxon Mobil by 18.2% during the 2nd quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company’s stock valued at $12,877,000 after purchasing an additional 17,188 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $108.69 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The firm has a market cap of $477.69 billion, a PE ratio of 13.54, a P/E/G ratio of 2.86 and a beta of 0.91. The firm has a fifty day simple moving average of $111.14 and a two-hundred day simple moving average of $115.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.