Sumitomo Mitsui DS Asset Management Company Ltd Acquires 13,686 Shares of Exxon Mobil Corporation (NYSE:XOM)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 687,787 shares of the oil and gas company's stock after acquiring an additional 13,686 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Exxon Mobil were worth $81,799,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of XOM. SOA Wealth Advisors LLC. raised its holdings in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,595 shares during the period. Proficio Capital Partners LLC raised its holdings in Exxon Mobil by 13,899.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after acquiring an additional 1,875,320 shares during the period. Synergy Investment Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $47,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Exxon Mobil by 152.0% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 745,073 shares of the oil and gas company's stock worth $80,148,000 after purchasing an additional 449,450 shares during the period. Finally, Exencial Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 7.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 37,987 shares of the oil and gas company's stock worth $4,086,000 after purchasing an additional 2,564 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.0%

NYSE XOM traded up $1.10 during mid-day trading on Friday, reaching $112.15. 11,223,580 shares of the stock were exchanged, compared to its average volume of 15,759,096. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a 50 day simple moving average of $107.32 and a 200-day simple moving average of $108.51. The stock has a market cap of $483.33 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. The business's revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.40.

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.