Asahi Life Asset Management CO. LTD. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,475 shares of the oil and gas company’s stock after selling 435 shares during the quarter. Asahi Life Asset Management CO. LTD.’s holdings in Exxon Mobil were worth $1,368,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the fourth quarter valued at about $27,000. Corrado Advisors LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Artemis Wealth Advisors LLC purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 58.59% of the company’s stock.
Analysts Set New Price Targets
XOM has been the topic of a number of research analyst reports. Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 19th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Truist Financial increased their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Finally, Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $124.66.
Insiders Place Their Bets
Exxon Mobil Stock Up 0.5 %
Shares of NYSE XOM opened at $103.89 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $420.03 billion, a PE ratio of 7.03, a P/E/G ratio of 0.58 and a beta of 1.08. The firm has a fifty day moving average of $104.93 and a 200-day moving average of $109.30. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.50%. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.
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.
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