164,611 Shares in Exxon Mobil Corporation $XOM Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 164,611 shares of the oil and gas company’s stock, valued at approximately $18,560,000.

Other hedge funds have also modified their holdings of the company. Eagle Capital Management LLC raised its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Exxon Mobil in the first quarter worth $305,000. Sivia Capital Partners LLC increased 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 acquiring an additional 207 shares during the period. Golden State Equity Partners raised its holdings in shares of Exxon Mobil by 20.8% during the second quarter. Golden State Equity Partners now owns 25,481 shares of the oil and gas company’s stock worth $2,747,000 after purchasing an additional 4,379 shares during the last quarter. Finally, Baring Financial LLC lifted its position in Exxon Mobil by 14.0% during the second quarter. Baring Financial LLC now owns 5,025 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 618 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $133.63 on Thursday. The company has a market capitalization of $563.54 billion, a P/E ratio of 19.42, a P/E/G ratio of 8.28 and a beta of 0.37. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $133.73. The business’s 50 day moving average is $120.12 and its two-hundred day moving average is $114.98. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. 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. This represents a $4.12 annualized dividend and a yield of 3.1%. Exxon Mobil’s payout ratio is 59.88%.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. Citigroup increased their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Zacks Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Barclays boosted their price target on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Mizuho raised their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One research 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 issued a Sell rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Exxon Mobil Company Profile

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.