Mitsubishi UFJ Trust & Banking Corp Has $283.22 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,434,618 shares of the oil and gas company’s stock after selling 113,808 shares during the period. Exxon Mobil comprises about 0.6% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 23rd biggest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in Exxon Mobil were worth $283,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $5,519,753,000. Capital International Investors boosted its stake in shares of Exxon Mobil by 22.8% during the 4th quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after buying an additional 4,084,458 shares during the period. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 6.0% during the 4th quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after buying an additional 1,037,226 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Exxon Mobil by 16.7% during the 4th quarter. Putnam Investments LLC now owns 13,301,039 shares of the oil and gas company’s stock valued at $1,329,838,000 after buying an additional 1,901,075 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $134.94.

Exxon Mobil Price Performance

NYSE XOM traded down $2.73 on Friday, reaching $116.07. The company’s stock had a trading volume of 16,157,707 shares, compared to its average volume of 15,032,544. The firm has a market cap of $457.67 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. The business has a 50-day moving average price of $114.13 and a 200 day moving average price of $111.04. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s 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 sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

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.