Mufg Securities Americas Inc. Purchases 9,229 Shares of ExxonMobil Corporation $XOM

Mufg Securities Americas Inc. lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,840 shares of the oil and gas company’s stock after buying an additional 9,229 shares during the quarter. ExxonMobil comprises 0.9% of Mufg Securities Americas Inc.’s portfolio, making the stock its 19th largest position. Mufg Securities Americas Inc.’s holdings in ExxonMobil were worth $17,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of XOM. Berbice Capital Management LLC bought a new stake in ExxonMobil in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil in the 2nd quarter valued at $27,000. Keewaydin Investments LLC bought a new position in shares of ExxonMobil during the 4th quarter worth approximately $33,000. Finally, Portus Wealth Advisors LLC acquired a new position in shares of ExxonMobil during the first quarter worth $36,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

ExxonMobil Trading Up 0.3%

NYSE XOM opened at $156.88 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $150.53 and a 200 day moving average price of $151.87. The stock has a market capitalization of $650.26 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 52-week low of $108.35 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. Equities research analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on XOM shares. Mizuho lowered their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Sanford C. Bernstein dropped their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. UBS Group set a $168.00 target price on shares of ExxonMobil in a research report on Friday, August 7th. Finally, Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has an average rating of “Hold” and an average price target of $166.10.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.