Nkcfo LLC acquires 42,500 shares of Exxon Mobil Co. (NYSE:XOM)

Nkcfo LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 42,500 shares of the oil and gas company’s stock, valued at approximately $4,893,000. Exxon Mobil comprises about 2.7% of Nkcfo LLC’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC grew its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Lynx Investment Advisory purchased a new position in Exxon Mobil in the second quarter worth $47,000. 61.80% of shares are owned by institutional investors and hedge funds.

Exxon Mobil trading down 0.6%

Shares of XOM stock opened at $115.27 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36, and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a market cap of $454.51 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The firm has a 50-day simple moving average of $115.88 and a 200-day simple moving average of $115.33.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings of $1.94 per share. Stock analysts predict that Exxon Mobil Co. will record 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15. This represents an annualized dividend of $3.80 and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts on Wall Street are forecasting an increase

XOM has been the subject of several recent analyst reports. Barclays decreased their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Wells Fargo & Company cut their price target on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Seven 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

Get the latest stock analysis on XOM

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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