The Nichols & Pratt Advisers LLP MA Cuts Stake in Exxon Mobil Corp. (XOM)

The Nichols & Pratt Advisers LLP MA Cuts Stake in Exxon Mobil Corp. (XOM)

Nichols & Pratt Advisers LLP MA lowered its position in Exxon Mobil Corp. (NYSE:XOM) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,791 shares of the company’s stock after selling 1,170 shares during the period. Exxon Mobil Corp. accounts for approximately 5.7% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 3rd largest position. Nichols & Pratt Advisers LLP MA’s holdings in Exxon Mobil Corp. were worth $62,977,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. TD Capital Management LLC raised its stake in Exxon Mobil Corp. by 5.1% in the second quarter. TD Capital Management LLC now owns 3,391 shares of the company’s stock worth $318,000 after buying an additional 165 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Exxon Mobil Corp. by 12.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,370,598 shares of the company’s stock worth $126,935,000 after buying an additional 147,921 shares in the last quarter. Alliance Wealth Management Group raised its stake in shares of Exxon Mobil Corp. by 18.3% in the second quarter. Alliance Wealth Management Group now owns 4,003 shares of the company’s stock worth $375,000 after buying an additional 619 shares in the last quarter. Accident Compensation Corp raised its stake in shares of Exxon Mobil Corp. by 8.8% in the second quarter. Accident Compensation Corp now owns 57,200 shares of the company’s stock worth $5,362,000 after buying an additional 4,650 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC raised its stake in shares of Exxon Mobil Corp. by 5.5% in the second quarter. Reynders McVeigh Capital Management LLC now owns 59,816 shares of the company’s stock worth $5,607,000 after buying an additional 3,113 shares in the last quarter. 50.45% of the stock is currently owned by institutional investors.

Exxon Mobil Corp. (NYSE:XOM) traded down 2.46% during midday trading on Friday, hitting $84.78. The company’s stock had a trading volume of 19,072,186 shares. The stock has a 50 day moving average of $85.94 and a 200 day moving average of $88.61. The company has a market cap of $351.55 billion, a PE ratio of 33.67 and a beta of 0.83. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corp. will post $2.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.

XOM has been the topic of a number of recent research reports. Credit Agricole SA reissued a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research report on Thursday, September 8th. Collins Stewart reissued a “hold” rating and issued a $83.50 target price on shares of Exxon Mobil Corp. in a research report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research report on Monday, July 11th. Finally, Morningstar Inc. reissued a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Eight analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. Exxon Mobil Corp. presently has a consensus rating of “Hold” and an average target price of $87.67.

In related news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at $18,751,600.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

About Exxon Mobil Corp.

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