Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Has $387,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. lowered its position in Exxon Mobil Co. (NYSE:XOM) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,874 shares of the oil and gas company’s stock after selling 2,027 shares during the period. Exxon Mobil accounts for 2.2% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s portfolio, making the stock its 21st largest holding. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings in Exxon Mobil were worth $387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. Morgan Stanley lifted its position in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after buying an additional 1,066,937 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after acquiring an additional 576,078 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Exxon Mobil by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock valued at $1,088,077,000 after acquiring an additional 132,196 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Exxon Mobil by 15.8% in the 3rd quarter. California Public Employees Retirement System now owns 9,197,103 shares of the oil and gas company’s stock valued at $1,081,395,000 after acquiring an additional 1,252,505 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.5 %

Shares of XOM stock traded down $1.76 during mid-day trading on Wednesday, hitting $116.51. The company’s stock had a trading volume of 14,280,467 shares, compared to its average volume of 18,181,229. The company’s fifty day simple moving average is $113.96 and its 200-day simple moving average is $106.79. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market cap of $461.18 billion, a PE ratio of 14.29, a P/E/G ratio of 4.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.83 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.62 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.56.

Exxon Mobil 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.