Nicholas Hoffman & Company LLC. Sells 2,526 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Nicholas Hoffman & Company LLC has reduced its holdings in Exxon Mobil Corporation by 7.1%, selling 2,526 shares and retaining 33,181 shares valued at approximately $3.95 million.
• Exxon Mobil recently reported a quarterly EPS of $1.64, exceeding analyst estimates of $1.47, despite a 12.4% year-over-year revenue decline of $81.51 billion.
• The company declared a quarterly dividend of $0.99 per share, scheduled for payment on September 10th, representing an annualized yield of 3.7%.

Nicholas Hoffman & Company LLC. decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,181 shares of the oil and gas company's stock after selling 2,526 shares during the period. Nicholas Hoffman & Company LLC.'s holdings in Exxon Mobil were worth $3,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $55,000. Journey Strategic Wealth LLC boosted its stake in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after buying an additional 1,379 shares during the last quarter. Legacy Trust boosted its stake in Exxon Mobil by 12.7% during the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after buying an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC boosted its stake in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after buying an additional 2,617 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.2%

Exxon Mobil stock opened at $107.15 on Wednesday. The business has a fifty day moving average price of $109.64 and a 200-day moving average price of $109.07. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-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. The stock has a market capitalization of $461.78 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 2.01 and a beta of 0.53.

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, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $125.26.

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.

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