Mitsubishi UFJ Trust & Banking Corp Sells 20,079 Shares of Exxon Mobil Co. (NYSE:XOM)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,468,511 shares of the oil and gas company’s stock after selling 20,079 shares during the period. Exxon Mobil comprises 0.6% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 18th largest holding. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Exxon Mobil worth $265,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.81 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $113.58. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The firm has a market capitalization of $502.52 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Piper Sandler decreased their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.