22,958,162 Shares in Exxon Mobil Corporation (NYSE:XOM) Acquired by Nuveen LLC

Nuveen LLC acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 22,958,162 shares of the oil and gas company’s stock, valued at approximately $2,730,414,000. Exxon Mobil accounts for 0.8% of Nuveen LLC’s holdings, making the stock its 17th largest holding.

A number of other hedge funds have also recently made changes to their positions in XOM. Manhattan West Asset Management LLC boosted its position in Exxon Mobil by 4.4% in the 4th quarter. Manhattan West Asset Management LLC now owns 18,580 shares of the oil and gas company’s stock valued at $1,999,000 after buying an additional 785 shares during the period. Qtron Investments LLC boosted its position in Exxon Mobil by 7.7% in the 4th quarter. Qtron Investments LLC now owns 43,810 shares of the oil and gas company’s stock valued at $4,713,000 after buying an additional 3,144 shares during the period. Nicolet Bankshares Inc. boosted its position in Exxon Mobil by 0.7% in the 4th quarter. Nicolet Bankshares Inc. now owns 25,427 shares of the oil and gas company’s stock valued at $2,735,000 after buying an additional 166 shares during the period. Crux Wealth Advisors purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $989,000. Finally, Townsquare Capital LLC boosted its position in Exxon Mobil by 5.6% in the 4th quarter. Townsquare Capital LLC now owns 264,023 shares of the oil and gas company’s stock valued at $28,401,000 after buying an additional 13,983 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Piper Sandler raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $106.79 on Friday. The company’s fifty day moving average price is $109.89 and its 200 day moving average price is $108.97. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 market capitalization of $455.27 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.01 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the business earned $2.14 EPS. Exxon Mobil’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share 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. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s payout ratio is currently 56.25%.

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.