Nomura Holdings Inc. Lowers Position in Exxon Mobil Corporation $XOM

Key Points

• Nomura Holdings Inc. reduced its stake in Exxon Mobil Corporation by 55%, leaving it with 25,382 shares valued at approximately $3 million as of its latest SEC filing.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, with an annualized yield of 3.5%, set to be paid on September 10th.
• The company's most recent earnings report showed it beating analysts' expectations, with $1.64 EPS on revenue of $81.51 billion, albeit down 12.4% from the previous year.

Nomura Holdings Inc. trimmed its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 55.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,382 shares of the oil and gas company's stock after selling 31,068 shares during the quarter. Nomura Holdings Inc.'s holdings in Exxon Mobil were worth $3,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Saudi Central Bank purchased a new stake in Exxon Mobil in the first quarter valued at approximately $206,000. DRW Securities LLC grew its holdings in Exxon Mobil by 57.5% in the first quarter. DRW Securities LLC now owns 17,327 shares of the oil and gas company's stock valued at $2,061,000 after purchasing an additional 6,325 shares during the period. Centric Wealth Management grew its holdings in Exxon Mobil by 7.1% in the first quarter. Centric Wealth Management now owns 30,985 shares of the oil and gas company's stock valued at $3,685,000 after purchasing an additional 2,064 shares during the period. Certior Financial Group LLC grew its holdings in Exxon Mobil by 6.4% in the first quarter. Certior Financial Group LLC now owns 7,673 shares of the oil and gas company's stock valued at $913,000 after purchasing an additional 464 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in Exxon Mobil by 7.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 22,905 shares of the oil and gas company's stock valued at $2,724,000 after purchasing an additional 1,611 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.8%

NYSE XOM opened at $114.28 on Tuesday. The company's fifty day simple moving average is $110.21 and its 200-day simple moving average is $109.05. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market cap of $487.21 billion, a P/E ratio of 16.23, a PEG ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $125.00.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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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