Exxon Mobil Corporation (NYSE:XOM) Stock Position Increased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in Exxon Mobil Corporation (NYSE:XOM) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,816,900 shares of the oil and gas company’s stock after purchasing an additional 95,434 shares during the period. Exxon Mobil makes up approximately 0.7% of Asset Management One Co. Ltd.’s holdings, making the stock its 20th biggest position. Asset Management One Co. Ltd.’s holdings in Exxon Mobil were worth $216,084,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in Exxon Mobil in the fourth quarter worth about $789,000. Union Bancaire Privee UBP SA bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $48,348,000. SOA Wealth Advisors LLC. raised its position in shares of Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after buying an additional 1,595 shares in the last quarter. Compass Capital Corp MA ADV acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $2,877,000. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 21.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 68,469 shares of the oil and gas company’s stock valued at $7,365,000 after acquiring an additional 12,133 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.45 on Wednesday. The company has a 50-day moving average of $106.83 and a two-hundred day moving average of $108.54. The stock has a market cap of $467.39 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Piper Sandler cut Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

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.