Meiji Yasuda Asset Management Co Ltd. Reduces Stock Position in Exxon Mobil Co. (NYSE:XOM)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,092 shares of the oil and gas company’s stock after selling 2,561 shares during the period. Exxon Mobil comprises about 1.1% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 13th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Exxon Mobil were worth $29,161,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bay Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $739,000. PKS Advisory Services LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $1,049,000. Prestige Wealth Management Group LLC increased its stake in shares of Exxon Mobil by 1.2% during the 4th quarter. Prestige Wealth Management Group LLC now owns 25,322 shares of the oil and gas company’s stock valued at $2,724,000 after acquiring an additional 306 shares during the last quarter. Syverson Strege & Co lifted its holdings in shares of Exxon Mobil by 16.0% during the 4th quarter. Syverson Strege & Co now owns 4,686 shares of the oil and gas company’s stock worth $504,000 after acquiring an additional 647 shares during the period. Finally, First American Trust FSB boosted its position in shares of Exxon Mobil by 4.9% in the fourth quarter. First American Trust FSB now owns 12,190 shares of the oil and gas company’s stock worth $1,311,000 after acquiring an additional 566 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

NYSE:XOM opened at $115.81 on Tuesday. The stock has a market cap of $502.52 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50-day simple moving average is $110.22 and its 200 day simple moving average is $113.58.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Company 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.