Exxon Mobil Co. (NYSE:XOM) Shares Bought by Mizuho Markets Americas LLC

Posted by Defense World Staff on Jul 31st, 2023

Mizuho Markets Americas LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 211.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,678,762 shares of the oil and gas company’s stock after purchasing an additional 1,819,535 shares during the quarter. Exxon Mobil makes up 1.1% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 17th largest position. Mizuho Markets Americas LLC owned approximately 0.07% of Exxon Mobil worth $27,420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Stone House Investment Management LLC purchased a new stake in Exxon Mobil in the first quarter valued at $25,000. Dark Forest Capital Management LP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $28,000. Artemis Wealth Advisors LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in Exxon Mobil during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 58.59% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $104.16 on Monday. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The company has a market capitalization of $421.12 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.60 and a beta of 1.08. The stock has a fifty day moving average of $104.96 and a two-hundred day moving average of $109.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The company’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Co. will post 8.87 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Wednesday, July 19th. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. The Goldman Sachs Group downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, May 1st. Finally, Mizuho cut their price target on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average target price of $124.30.

Exxon Mobil Profile

(Free Report)

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.