Exxon Mobil Corporation $XOM Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. cut its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 50.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,000 shares of the oil and gas company’s stock after selling 11,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Exxon Mobil were worth $1,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil in the third quarter worth about $30,000. Bare Financial Services Inc lifted its position in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in Exxon Mobil in the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC grew its position in Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. Bank of America raised their target price on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada increased their price objective on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Wells Fargo & Company lowered their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.59.

View Our Latest Research Report on XOM

Exxon Mobil Stock Down 2.6%

XOM opened at $147.12 on Friday. The company has a market capitalization of $613.00 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 15.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $156.93. The business has a 50-day moving average of $132.29 and a 200-day moving average of $120.05.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Exxon Mobil’s dividend payout ratio is 61.58%.

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

See Also

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

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