Asahi Life Asset Management CO. LTD. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 23.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,095 shares of the oil and gas company’s stock after selling 34,185 shares during the period. Exxon Mobil comprises about 1.7% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 23rd biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in Exxon Mobil were worth $8,437,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Sigma Investment Counselors Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after purchasing an additional 142 shares during the period. Riverstone Advisors LLC increased its stake in shares of Exxon Mobil by 0.5% in the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after acquiring an additional 142 shares during the last quarter. Alpha Windward LLC raised its holdings in shares of Exxon Mobil by 3.1% during the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after acquiring an additional 144 shares in the last quarter. Saratoga Research & Investment Management raised its holdings in shares of Exxon Mobil by 4.1% during the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 145 shares in the last quarter. Finally, Jupiter Wealth Management LLC boosted its position in Exxon Mobil by 0.4% during the second quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after purchasing an additional 145 shares during the last quarter. 54.48% of the stock is owned by institutional investors.
XOM has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a research note on Friday, August 2nd. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their target price for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. BMO Capital Markets started coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price on the stock. Finally, Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $81.13.
Shares of NYSE XOM traded up $0.50 during mid-day trading on Wednesday, reaching $72.57. 2,201,863 shares of the company’s stock were exchanged, compared to its average volume of 10,250,045. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The business has a fifty day simple moving average of $70.59 and a 200 day simple moving average of $76.03. The firm has a market capitalization of $302.48 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.18 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 3.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 4.80%. Exxon Mobil’s payout ratio is currently 70.59%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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