Exxon Mobil Corporation (NYSE:XOM) Shares Sold by Nicholas Wealth LLC.

Nicholas Wealth LLC. reduced its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 43.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,322 shares of the oil and gas company's stock after selling 8,613 shares during the period. Exxon Mobil makes up about 0.8% of Nicholas Wealth LLC.'s investment portfolio, making the stock its 26th biggest position. Nicholas Wealth LLC.'s holdings in Exxon Mobil were worth $1,346,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter valued at approximately $29,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $32,000. Cloud Capital Management LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $45,000. Finally, Clarity Asset Management Inc. boosted its position in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.3%

Shares of XOM traded down $0.37 during mid-day trading on Friday, hitting $110.42. 10,547,065 shares of the company traded hands, compared to its average volume of 14,495,533. The business has a 50 day moving average of $108.75 and a 200 day moving average of $109.02. The company has a market capitalization of $475.87 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Piper Sandler upped their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.42.

Exxon Mobil Company 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.