Nichols & Pratt Advisers LLP MA Sells 673 Shares of Exxon Mobil Co. (NYSE:XOM)

Nichols & Pratt Advisers LLP MA lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,072 shares of the oil and gas company’s stock after selling 673 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Exxon Mobil were worth $9,333,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial bought a new position in shares of Exxon Mobil in the 1st quarter worth $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Lynx Investment Advisory bought a new stake in Exxon Mobil in the second quarter valued at about $47,000. Finally, Vima LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Stock Up 1.4 %

Shares of Exxon Mobil stock opened at $116.32 on Friday. The firm has a market cap of $458.65 billion, a PE ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The business’s 50 day simple moving average is $115.14 and its 200 day simple moving average is $113.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.