Mufg Securities Americas Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Mufg Securities Americas Inc. purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 64,879 shares of the oil and gas company's stock, valued at approximately $6,979,000. Exxon Mobil accounts for about 0.9% of Mufg Securities Americas Inc.'s portfolio, making the stock its 17th largest position.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $47,000. Finally, Synergy Investment Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. HSBC cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Piper Sandler decreased their price objective on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. Barclays lowered their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.45 on Wednesday. The stock's 50-day moving average is $109.08 and its two-hundred day moving average is $111.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market cap of $471.69 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The firm's quarterly revenue was up .1% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil's payout ratio is 52.52%.

Exxon Mobil 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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