Norinchukin Bank The Grows Stake in Exxon Mobil Corporation $XOM

Key Points

• Norinchukin Bank increased its stake in Exxon Mobil Corporation by 9.3%, now holding 171,319 shares worth approximately $20.4 million.
• Exxon Mobil reported $1.64 earnings per share for the last quarter, exceeding analysts' expectations of $1.47, though revenue decreased 12.4% year-over-year.
• Exxon Mobil declared a quarterly dividend of $0.99 per share with a yield of 3.6%, which is set to be paid on September 10th.

Norinchukin Bank The increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,319 shares of the oil and gas company's stock after purchasing an additional 14,615 shares during the quarter. Norinchukin Bank The's holdings in Exxon Mobil were worth $20,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Kayne Anderson Rudnick Investment Management LLC raised its stake in Exxon Mobil by 5.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,541 shares of the oil and gas company's stock worth $1,134,000 after acquiring an additional 541 shares in the last quarter. MGO One Seven LLC lifted its holdings in shares of Exxon Mobil by 19.6% in the 4th quarter. MGO One Seven LLC now owns 107,529 shares of the oil and gas company's stock valued at $11,567,000 after purchasing an additional 17,610 shares during the last quarter. Syon Capital LLC boosted its position in shares of Exxon Mobil by 2.6% in the 4th quarter. Syon Capital LLC now owns 80,884 shares of the oil and gas company's stock valued at $8,701,000 after purchasing an additional 2,063 shares during the period. Burling Wealth Partners LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $1,649,000. Finally, Integrated Wealth Concepts LLC grew its stake in Exxon Mobil by 1.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 247,780 shares of the oil and gas company's stock worth $26,654,000 after buying an additional 3,998 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Mizuho lowered their target price 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. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group upped their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Melius initiated coverage on Exxon Mobil in a research note on Wednesday. They set a "hold" rating and a $111.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Trading Up 1.0%

NYSE:XOM opened at $108.5440 on Thursday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 stock has a fifty day moving average price of $110.27 and a two-hundred day moving average price of $108.87. The stock has a market capitalization of $462.75 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.01 and a beta of 0.53.

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, 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 prior year, the company posted $2.14 EPS. The business's revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company 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 $0.99 dividend. The ex-dividend date 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 is currently 56.25%.

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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