Sumitomo Mitsui Trust Group Inc. Has $1.21 Billion Position in Exxon Mobil Corporation (NYSE:XOM)

Sumitomo Mitsui Trust Group Inc. cut its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,148,676 shares of the oil and gas company's stock after selling 72,570 shares during the period. Exxon Mobil accounts for about 0.9% of Sumitomo Mitsui Trust Group Inc.'s investment portfolio, making the stock its 15th biggest position. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Exxon Mobil worth $1,206,982,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in Exxon Mobil in the 4th quarter valued at $789,000. SOA Wealth Advisors LLC. grew its position in shares of Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after buying an additional 1,595 shares during the period. Proficio Capital Partners LLC lifted its holdings in Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after buying an additional 1,875,320 shares during the period. Veridan Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $300,000. Finally, Flputnam Investment Management Co. grew its holdings in Exxon Mobil by 17.8% during the 4th quarter. Flputnam Investment Management Co. now owns 109,816 shares of the oil and gas company's stock worth $11,813,000 after acquiring an additional 16,591 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.6%

NYSE XOM traded up $0.60 during trading hours on Wednesday, hitting $109.84. 2,816,706 shares of the company traded hands, compared to its average volume of 15,700,677. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The business's 50-day moving average is $107.10 and its 200-day moving average is $108.44. The stock has a market capitalization of $473.38 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.09 and a beta of 0.50. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.61%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.10.

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.