Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,411,297 shares of the oil and gas company's stock after selling 57,214 shares during the quarter. Exxon Mobil accounts for about 0.7% of Mitsubishi UFJ Trust & Banking Corp's portfolio, making the stock its 17th biggest holding. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Exxon Mobil worth $286,776,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its position in Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares during the period. Capital Research Global Investors lifted its stake in Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock valued at $3,739,465,000 after purchasing an additional 1,293,111 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Exxon Mobil by 8.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock worth $2,409,106,000 after purchasing an additional 1,550,248 shares during the period. Finally, Deutsche Bank AG increased its position in Exxon Mobil by 10.1% during the fourth quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock worth $1,249,165,000 after buying an additional 1,066,374 shares during the last quarter. Institutional investors own 61.80% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Mizuho dropped their price objective 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.
Check Out Our Latest Research Report on XOM
Exxon Mobil Price Performance
Shares of XOM traded down $2.03 during midday trading on Friday, hitting $109.61. The company's stock had a trading volume of 19,647,904 shares, compared to its average volume of 14,938,472. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $472.38 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.53. The company's fifty day simple moving average is $109.48 and its two-hundred day simple moving average is $109.11.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the company posted $2.14 EPS. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.
Exxon Mobil Profile
(
Free Report)
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.
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