ExxonMobil Corporation $XOM Shares Bought by Nilsine Partners LLC

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

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

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $160.08 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $147.00 and its two-hundred day moving average price is $150.45. ExxonMobil Corporation has a 52-week low of $105.67 and a 52-week high of $176.41. The stock has a market capitalization of $663.52 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company posted $1.64 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on XOM shares. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research note on Tuesday, August 4th. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 price objective on shares of ExxonMobil in a report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Hold” and an average target price of $163.29.

ExxonMobil Company 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.