Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC significantly increased its holdings in Exxon Mobil, growing its position by 6,145.0% in the first quarter to own 1,386,949 shares, making it the 6th largest position in their portfolio.
• Exxon Mobil's most recent quarterly earnings reported $1.64 EPS, exceeding analyst expectations, though its year-over-year revenue decreased by 12.4%.
• The company declared a quarterly dividend of $0.99, yielding 3.7% annually, with a payout ratio of 56.25%.

Mizuho Markets Americas LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6,145.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,386,949 shares of the oil and gas company's stock after acquiring an additional 1,364,740 shares during the quarter. Exxon Mobil comprises about 3.4% of Mizuho Markets Americas LLC's holdings, making the stock its 6th largest position. Mizuho Markets Americas LLC's holdings in Exxon Mobil were worth $164,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC raised its position in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares during the period. WPWealth LLP grew its holdings in shares of Exxon Mobil by 1.1% during the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after buying an additional 96 shares in the last quarter. Ascent Capital Management LLC raised its position in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after buying an additional 96 shares during the last quarter. Finally, DDD Partners LLC raised its position in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler boosted their price target on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One 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 stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.26.

Exxon Mobil Stock Performance

NYSE:XOM traded up $0.27 during mid-day trading on Tuesday, hitting $106.10. 14,104,424 shares of the stock were exchanged, compared to its average volume of 15,610,114. The stock has a market capitalization of $452.33 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53. The firm's 50-day simple moving average is $109.99 and its 200 day simple moving average is $108.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend 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.