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

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,627,958 shares of the oil and gas company’s stock after acquiring an additional 51,936 shares during the period. Exxon Mobil comprises about 0.7% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 22nd largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Exxon Mobil were worth $296,302,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Exxon Mobil in the first quarter worth $305,000. Sivia Capital Partners LLC raised its stake in shares of Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the last quarter. Kooman & Associates lifted its holdings in shares of Exxon Mobil by 5.8% during the second quarter. Kooman & Associates now owns 6,128 shares of the oil and gas company’s stock valued at $661,000 after purchasing an additional 336 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 1.3% during the second quarter. Foster Victor Wealth Advisors LLC now owns 10,799 shares of the oil and gas company’s stock valued at $1,229,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $134.93 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $569.03 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 8.51 and a beta of 0.37. The firm’s 50 day moving average price is $120.74 and its 200-day moving average price is $115.27. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $135.98.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOM. Barclays boosted their target price on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $131.84.

Check Out Our Latest Stock Report on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Featured Stories

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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