Exxon Mobil Corporation (NYSE:XOM) Position Trimmed by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 12.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,000 shares of the oil and gas company’s stock after selling 2,000 shares during the period. Exxon Mobil comprises about 0.9% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 27th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Exxon Mobil were worth $1,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Axis Wealth Partners LLC boosted its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC boosted its stake in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after purchasing an additional 95 shares during the period. WPWealth LLP boosted its stake in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company’s stock worth $990,000 after purchasing an additional 96 shares during the period. Ascent Capital Management LLC lifted its position in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock worth $584,000 after buying an additional 96 shares in the last quarter. Finally, DDD Partners LLC boosted its stake in shares of Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lifted their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $125.26.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $107.53 on Thursday. 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 firm’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $108.91. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market cap of $458.43 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.99 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.14 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS 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. 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 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s payout ratio is 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.