Exxon Mobil Corporation (NYSE:XOM) Stake Lowered by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC reduced its stake in Exxon Mobil by 16.3%, now holding 348,544 shares valued at approximately $41.45 million.
• Exxon Mobil reported earnings of $1.64 per share for the last quarter, exceeding estimates by $0.17, with a revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, yielding 3.7%, which will be paid on September 10th to shareholders of record on August 15th.

Mizuho Securities USA LLC cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 348,544 shares of the oil and gas company's stock after selling 68,011 shares during the period. Exxon Mobil comprises about 0.9% of Mizuho Securities USA LLC's investment portfolio, making the stock its 15th biggest holding. Mizuho Securities USA LLC's holdings in Exxon Mobil were worth $41,452,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of XOM. Fiduciary Family Office LLC boosted its stake in Exxon Mobil by 147.3% in the first quarter. Fiduciary Family Office LLC now owns 6,085 shares of the oil and gas company's stock valued at $724,000 after acquiring an additional 3,624 shares during the period. True North Advisors LLC boosted its stake in Exxon Mobil by 39.1% in the first quarter. True North Advisors LLC now owns 71,119 shares of the oil and gas company's stock valued at $8,458,000 after acquiring an additional 19,984 shares during the period. Johnson Financial Group LLC raised its holdings in shares of Exxon Mobil by 19.7% during the first quarter. Johnson Financial Group LLC now owns 9,327 shares of the oil and gas company's stock valued at $1,109,000 after buying an additional 1,532 shares during the last quarter. Manhattan West Asset Management LLC raised its holdings in shares of Exxon Mobil by 15.5% during the first quarter. Manhattan West Asset Management LLC now owns 21,454 shares of the oil and gas company's stock valued at $2,552,000 after buying an additional 2,874 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Exxon Mobil by 13.8% during the first quarter. Benjamin Edwards Inc. now owns 570,274 shares of the oil and gas company's stock valued at $67,823,000 after buying an additional 69,102 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.93 during mid-day trading on Monday, hitting $105.87. The company's stock had a trading volume of 13,564,288 shares, compared to its average volume of 15,592,594. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $451.35 billion, a P/E ratio of 15.04, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock's fifty day moving average price is $109.94 and its two-hundred day moving average price is $108.94.

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 (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. UBS Group cut their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Piper Sandler lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $125.26.

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.