Exxon Mobil Corporation $XOM Holdings Raised by Asset Management One Co. Ltd.

Key Points

• Asset Management One Co. Ltd. has increased its stake in Exxon Mobil Corporation by 2.4%, owning 1,860,369 shares worth approximately $200.5 million.
• Exxon Mobil has recently announced a quarterly dividend of $0.99 per share, reflecting an annualized dividend of $3.96 with a yield of 3.4%.
• The company's stock has shown a 52-week range with a low of $97.80 and a high of $123.21, while the current market cap stands at $491.94 billion.

Asset Management One Co. Ltd. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,860,369 shares of the oil and gas company's stock after purchasing an additional 43,469 shares during the period. Exxon Mobil comprises about 0.6% of Asset Management One Co. Ltd.'s holdings, making the stock its 22nd biggest holding. Asset Management One Co. Ltd.'s holdings in Exxon Mobil were worth $200,548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Cardinal Point Capital Management ULC purchased a new stake in Exxon Mobil in the 2nd quarter worth about $485,000. Opes Wealth Management LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth about $510,000. Smith Group Asset Management LLC lifted its stake in Exxon Mobil by 1.6% in the 2nd quarter. Smith Group Asset Management LLC now owns 157,175 shares of the oil and gas company's stock worth $16,943,000 after acquiring an additional 2,403 shares in the last quarter. Moser Wealth Advisors LLC lifted its stake in Exxon Mobil by 1.2% in the 2nd quarter. Moser Wealth Advisors LLC now owns 14,520 shares of the oil and gas company's stock worth $1,565,000 after acquiring an additional 176 shares in the last quarter. Finally, Warburton Capital Management LLC lifted its stake in Exxon Mobil by 4.5% in the 2nd quarter. Warburton Capital Management LLC now owns 4,611 shares of the oil and gas company's stock worth $520,000 after acquiring an additional 200 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $115.39 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $491.94 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. The business's 50-day simple moving average is $112.58 and its 200-day simple moving average is $109.54. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XOM shares. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Friday. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Finally, UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $127.58.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

About Exxon Mobil

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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