Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.1% in the third quarter, HoldingsChannel reports. The fund owned 10,471,441 shares of the oil and gas company’s stock after acquiring an additional 9,180 shares during the period. Exxon Mobil makes up approximately 0.9% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 14th largest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Exxon Mobil were worth $1,227,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC raised its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $120.35 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market cap of $528.95 billion, a PE ratio of 14.99, a P/E/G ratio of 5.05 and a beta of 0.90. The business has a fifty day moving average of $117.96 and a 200 day moving average of $116.32.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.