FUKOKU MUTUAL LIFE INSURANCE Co Sells 2,383 Shares of Exxon Mobil Corporation $XOM

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,800 shares of the oil and gas company’s stock after selling 2,383 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Exxon Mobil were worth $15,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC raised its position in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Brucke Financial Inc. grew its stake in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Exxon Mobil by 11.6% during the first quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock valued at $452,000 after purchasing an additional 395 shares during the last quarter. United Bank lifted its position in Exxon Mobil by 6.7% during the first quarter. United Bank now owns 21,221 shares of the oil and gas company’s stock valued at $2,524,000 after purchasing an additional 1,333 shares during the period. Finally, SYM FINANCIAL Corp lifted its position in Exxon Mobil by 5.6% during the first quarter. SYM FINANCIAL Corp now owns 10,428 shares of the oil and gas company’s stock valued at $1,240,000 after purchasing an additional 555 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.4%

NYSE:XOM opened at $117.36 on Thursday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The business has a fifty day moving average price of $114.50 and a 200-day moving average price of $110.90. The firm has a market capitalization of $494.91 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is presently 59.88%.

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.