Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Exxon Mobil Corporation $XOM

Mitsubishi UFJ Trust & Banking Corp increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,576,022 shares of the oil and gas company’s stock after acquiring an additional 164,725 shares during the period. Exxon Mobil makes up 0.6% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 18th largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Exxon Mobil were worth $277,695,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Quarterback LLC grew its position in Exxon Mobil by 0.8% in the second quarter. Wealth Quarterback LLC now owns 17,760 shares of the oil and gas company’s stock valued at $1,915,000 after acquiring an additional 143 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Exxon Mobil by 2.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 128,633 shares of the oil and gas company’s stock valued at $13,867,000 after purchasing an additional 3,510 shares in the last quarter. National Pension Service increased its stake in Exxon Mobil by 5.3% during the 2nd quarter. National Pension Service now owns 8,941,990 shares of the oil and gas company’s stock worth $963,947,000 after buying an additional 451,637 shares during the period. Advyzon Investment Management LLC lifted its holdings in Exxon Mobil by 31.8% in the 2nd quarter. Advyzon Investment Management LLC now owns 10,750 shares of the oil and gas company’s stock worth $1,159,000 after buying an additional 2,591 shares in the last quarter. Finally, VeraBank N.A. boosted its position in Exxon Mobil by 20.1% in the 2nd quarter. VeraBank N.A. now owns 54,573 shares of the oil and gas company’s stock valued at $5,883,000 after buying an additional 9,152 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Piper Sandler increased their price target on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday. Two 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.70 on Wednesday. The stock has a market cap of $504.78 billion, a price-to-earnings ratio of 17.00, a PEG 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 Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock’s 50 day moving average price is $113.63 and its 200 day moving average price is $110.45.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Exxon Mobil Company 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.