Northwestern Mutual Wealth Management Co. Increases Stake in Exxon Mobil Corporation $XOM

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Exxon Mobil Corporation by 9.0%, owning 610,862 shares worth approximately $72.65 million as of its latest SEC filing.
• Exxon Mobil reported $1.64 earnings per share for its latest quarter, exceeding analysts' expectations of $1.47, but noted a 12.4% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.99 per share, yielding 3.6%, with the dividend payout ratio set at 56.25%.

Northwestern Mutual Wealth Management Co. grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 610,862 shares of the oil and gas company's stock after buying an additional 50,360 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Exxon Mobil were worth $72,650,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Axis Wealth Partners LLC raised its position in Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after buying an additional 93 shares during the last quarter. Gagnon Securities LLC raised its position in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after buying an additional 95 shares during the last quarter. Ascent Capital Management LLC raised its position in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the last quarter. DDD Partners LLC increased its holdings in shares of Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. increased its holdings in shares of Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.7%

Shares of XOM opened at $111.1220 on Friday. 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 firm has a 50 day simple moving average of $110.24 and a 200-day simple moving average of $108.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $473.74 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday. They issued a "hold" rating and a $111.00 price target for the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday. They issued a "hold" rating and a $111.00 price target for the company. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.00.

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.

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