NBC Securities Inc. Lowers Stock Position in Exxon Mobil Corporation $XOM

Key Points

• NBC Securities Inc. has reduced its stake in Exxon Mobil Corporation by 6.5%, owning 42,357 shares worth approximately $4.57 million after selling 2,934 shares in the second quarter.
• Notable institutional investors such as Tang Capital Management LLC and State of Wyoming have increased their positions in Exxon Mobil, with State of Wyoming increasing its holdings by 93.1%.
• Exxon Mobil's quarterly earnings report revealed an EPS of $1.64, beating estimates, but revenue was down 12.4% year-over-year, prompting analysts to project a consensus price target of $124.81 for the stock.

NBC Securities Inc. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,357 shares of the oil and gas company's stock after selling 2,934 shares during the quarter. NBC Securities Inc.'s holdings in Exxon Mobil were worth $4,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Tang Capital Management LLC increased its position in Exxon Mobil by 57.8% during the 4th quarter. Tang Capital Management LLC now owns 11,053 shares of the oil and gas company's stock worth $1,189,000 after purchasing an additional 4,049 shares in the last quarter. Strive Asset Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $618,000. Strategic Wealth Partners Ltd. raised its position in shares of Exxon Mobil by 8.3% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 17,050 shares of the oil and gas company's stock valued at $1,844,000 after purchasing an additional 1,306 shares in the last quarter. Stonebrook Private Inc. raised its position in shares of Exxon Mobil by 7.5% in the 4th quarter. Stonebrook Private Inc. now owns 7,039 shares of the oil and gas company's stock valued at $757,000 after purchasing an additional 489 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of Exxon Mobil by 93.1% in the 4th quarter. State of Wyoming now owns 8,735 shares of the oil and gas company's stock valued at $940,000 after acquiring an additional 4,212 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $112.21 on Monday. The firm has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The stock's 50-day moving average is $110.55 and its 200-day moving average is $109.14. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is currently 56.25%.

Analysts Set New Price Targets

A number of research analysts recently commented on XOM shares. Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. TD Cowen upped their target price 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 upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $124.81.

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.

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