Mitsubishi UFJ Asset Management UK Ltd. Sells 3,500 Shares of Exxon Mobil Co. (NYSE:XOM)

Mitsubishi UFJ Asset Management UK Ltd. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the oil and gas company’s stock after selling 3,500 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Exxon Mobil were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $63,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Up 0.5 %

Shares of Exxon Mobil stock opened at $110.12 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $111.98 and its two-hundred day simple moving average is $115.44. The company has a market cap of $483.97 billion, a P/E ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $97.74 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

About Exxon Mobil

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.