Nuveen Asset Management LLC Sells 835,902 Shares of Exxon Mobil Co. (NYSE:XOM)

Nuveen Asset Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 14,736,637 shares of the oil and gas company’s stock after selling 835,902 shares during the period. Nuveen Asset Management LLC’s holdings in Exxon Mobil were worth $901,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Roble Belko & Company Inc raised its stake in Exxon Mobil by 2.4% during the fourth quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 129 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 0.8% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock worth $1,060,000 after acquiring an additional 130 shares during the period. Puzo Michael J grew its holdings in shares of Exxon Mobil by 0.3% in the fourth quarter. Puzo Michael J now owns 41,910 shares of the oil and gas company’s stock worth $2,564,000 after acquiring an additional 135 shares during the period. Destiny Wealth Partners LLC grew its holdings in Exxon Mobil by 1.2% during the fourth quarter. Destiny Wealth Partners LLC now owns 12,050 shares of the oil and gas company’s stock valued at $737,000 after purchasing an additional 137 shares during the period. Finally, SMH Capital Advisors Inc. boosted its stake in shares of Exxon Mobil by 3.5% in the fourth quarter. SMH Capital Advisors Inc. now owns 4,155 shares of the oil and gas company’s stock worth $254,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

XOM stock traded up $0.34 during trading on Thursday, hitting $96.64. The stock had a trading volume of 24,297,013 shares, compared to its average volume of 31,532,527. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $97.43. The stock has a market capitalization of $407.10 billion, a P/E ratio of 16.09, a PEG ratio of 0.44 and a beta of 1.06. The company’s 50-day moving average price is $86.40 and its two-hundred day moving average price is $76.03.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). The firm had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company’s quarterly revenue was up 53.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 10.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, May 12th. Exxon Mobil’s dividend payout ratio is currently 58.37%.

Exxon Mobil declared that its Board of Directors has approved a share repurchase program on Tuesday, February 1st that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the oil and gas company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts have issued reports on XOM shares. Wells Fargo & Company upped their price objective on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. Citigroup upped their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Barclays increased their price target on Exxon Mobil from $91.00 to $98.00 in a report on Wednesday, March 9th. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Finally, JPMorgan Chase & Co. set a $100.00 price target on Exxon Mobil in a report on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus target price of $83.19.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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