Nissay Asset Management Corp Japan ADV Has $63.96 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Nissay Asset Management Corp Japan ADV reduced its holdings in Exxon Mobil Corporation by 3.7% in the first quarter, now owning approximately $63.96 million worth of shares.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing an annual yield of 3.5%, with the payout ratio at 56.25%.
• The company reported $1.64 earnings per share for the last quarter, exceeding estimates and highlighted a 12.4% decline in year-over-year revenue.

Nissay Asset Management Corp Japan ADV reduced its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 537,811 shares of the oil and gas company's stock after selling 20,423 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Exxon Mobil were worth $63,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Algert Global LLC raised its position in Exxon Mobil by 10.8% during the fourth quarter. Algert Global LLC now owns 21,374 shares of the oil and gas company's stock worth $2,299,000 after acquiring an additional 2,078 shares during the period. Corton Capital Inc. purchased a new position in Exxon Mobil during the fourth quarter worth about $228,000. Deutsche Bank AG boosted its stake 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 period. Coastal Bridge Advisors LLC boosted its stake in Exxon Mobil by 1.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 106,532 shares of the oil and gas company's stock worth $11,460,000 after buying an additional 1,137 shares during the period. Finally, Clarity Asset Management Inc. boosted its stake in shares of Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $3.17 on Friday, hitting $109.23. 16,823,996 shares of the stock traded hands, compared to its average volume of 14,092,043. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $465.66 billion, a PE ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company's fifty day moving average is $110.45 and its 200 day moving average is $109.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its 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 firm had revenue of $81.51 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a report on Friday. Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group increased their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $125.00.

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.