Nicolet Advisory Services LLC Has $3.67 Million Position in Exxon Mobil Co. (NYSE:XOM)

Nicolet Advisory Services LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,480 shares of the oil and gas company's stock after selling 2,329 shares during the quarter. Nicolet Advisory Services LLC's holdings in Exxon Mobil were worth $3,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock valued at $10,023,875,000 after purchasing an additional 1,104,617 shares during the period. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter valued at about $6,936,737,000. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company's stock worth $3,427,237,000 after acquiring an additional 700,415 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Barclays lowered their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Finally, HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.80.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $6.31 during trading hours on Thursday, reaching $112.36. 21,185,561 shares of the company were exchanged, compared to its average volume of 15,714,152. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm has a market cap of $487.53 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.02 and a beta of 0.60. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average of $111.25 and a 200 day moving average of $113.87.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business earned $2.48 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil's payout ratio is presently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.