Tokio Marine Asset Management Co. Ltd. Acquires 5,842 Shares of Exxon Mobil Co. (NYSE:XOM)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 4.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,629 shares of the oil and gas company’s stock after buying an additional 5,842 shares during the period. Exxon Mobil comprises approximately 0.9% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 23rd largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $17,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $50,000. Keener Financial Planning LLC bought a new position in Exxon Mobil during the fourth quarter worth $80,000. Finally, Neo Ivy Capital Management acquired a new stake in Exxon Mobil in the fourth quarter worth $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated 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 of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.21 on Tuesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $114.51 and a two-hundred day simple moving average of $110.25. The firm has a market cap of $442.45 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 4.10 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.83 EPS. Analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. UBS Group raised their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company upped their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Check Out Our Latest Report on Exxon Mobil

About Exxon Mobil

(Free Report)

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.

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

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