Nissay Asset Management Corp Japan ADV Sells 7,117 Shares of Exxon Mobil Co. (NYSE:XOM)

Nissay Asset Management Corp Japan ADV decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 558,234 shares of the oil and gas company’s stock after selling 7,117 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Exxon Mobil were worth $59,441,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. increased its holdings in Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3%

XOM stock opened at $109.45 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $471.69 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.51. The business has a 50-day moving average of $109.08 and a 200-day moving average of $111.00. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s dividend payout ratio is 52.52%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Piper Sandler dropped their price objective on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

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.