Sumitomo Mitsui Trust Group Inc. Purchases 184,870 Shares of Exxon Mobil Corporation $XOM

Sumitomo Mitsui Trust Group Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 10,333,546 shares of the oil and gas company's stock after acquiring an additional 184,870 shares during the period. Exxon Mobil comprises 0.7% of Sumitomo Mitsui Trust Group Inc.'s portfolio, making the stock its 18th biggest position. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Exxon Mobil worth $1,113,956,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company'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 completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.39 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. 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 cap of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51. The firm has a 50 day simple moving average of $112.58 and a 200 day simple moving average of $109.54.

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

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. UBS Group upped their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research report on Friday. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $127.58.

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.

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