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Tokio Marine Asset Management Co. Ltd. Increases Stake in Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil logo with Energy background

Key Points

  • Tokio Marine Asset Management increased its stake in Exxon Mobil by 3.0% in the first quarter, now holding 195,739 shares valued at approximately $23.28 million.
  • Exxon Mobil recently reported a $1.64 EPS, surpassing analysts' expectations of $1.47, despite a 12.4% year-over-year revenue decline.
  • The company declared a quarterly dividend of $0.99 per share, resulting in a 3.7% dividend yield, set to be paid on September 10th.
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Tokio Marine Asset Management Co. Ltd. increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 195,739 shares of the oil and gas company's stock after acquiring an additional 5,615 shares during the quarter. Exxon Mobil comprises 0.8% of Tokio Marine Asset Management Co. Ltd.'s investment portfolio, making the stock its 24th largest holding. Tokio Marine Asset Management Co. Ltd.'s holdings in Exxon Mobil were worth $23,279,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $2,730,414,000. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Northern Trust Corp boosted its position in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after acquiring an additional 2,998,892 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $240,653,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Exxon Mobil by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after buying an additional 1,550,248 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.3%

Shares of NYSE XOM opened at $106.10 on Wednesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a fifty day moving average of $109.99 and a 200-day moving average of $108.92. The stock has a market capitalization of $452.33 billion, a PE ratio of 15.07, a P/E/G ratio of 1.99 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.7%. Exxon Mobil's dividend payout ratio is 56.25%.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $125.26.

Read Our Latest Stock Report on XOM

About Exxon Mobil

(Free Report)

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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