Mitsubishi UFJ Asset Management UK Ltd. Has $1.24 Million Position in Exxon Mobil Corporation $XOM

Mitsubishi UFJ Asset Management UK Ltd. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 50.0% in the third quarter, Holdings Channel reports. The firm owned 11,000 shares of the oil and gas company’s stock after selling 11,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Exxon Mobil were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil in the 3rd quarter valued at $30,000. Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the period. Clayton Financial Group LLC bought a new stake in Exxon Mobil during the third quarter valued at about $40,000. TruNorth Capital Management LLC grew its position in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Roundup

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

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 14,230 shares of company stock worth $1,888,421 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Barclays increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Piper Sandler lowered their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Finally, Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.59.

View Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Down 2.6%

XOM opened at $147.12 on Friday. The company has a market capitalization of $613.00 billion, a P/E ratio of 21.99, a P/E/G ratio of 15.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The firm’s fifty day moving average price is $132.29 and its two-hundred day moving average price is $120.05. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $156.93.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the prior year, the company posted $1.67 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Exxon Mobil Company Profile

(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.

See Also

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

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