Exxon Mobil Corporation (NYSE:XOM) Stock Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,149,389 shares of the oil and gas company's stock after selling 32,939 shares during the period. Exxon Mobil accounts for about 0.7% of Nisa Investment Advisors LLC's portfolio, making the stock its 18th largest position. Nisa Investment Advisors LLC's holdings in Exxon Mobil were worth $136,697,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $32,000. Cloud Capital Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $45,000. Clarity Asset Management Inc. grew its position in shares of Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares during the last quarter. Finally, ZynergyRetirementPlanningLLC grew its position in shares of Exxon Mobil by 29.2% in the 1st quarter. ZynergyRetirementPlanningLLC now owns 443 shares of the oil and gas company's stock worth $53,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.05.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.47 on Friday, hitting $115.40. The company's stock had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $497.33 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The stock's 50-day moving average is $107.83 and its two-hundred day moving average is $108.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

About Exxon Mobil

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.