Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,689,837 shares of the oil and gas company’s stock after buying an additional 171,566 shares during the period. Exxon Mobil accounts for 1.2% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 8th biggest position. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of Exxon Mobil worth $946,789,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of Exxon Mobil by 1.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 195,701 shares of the oil and gas company’s stock valued at $14,601,000 after purchasing an additional 2,438 shares during the period. MUFG Securities EMEA plc grew its position in Exxon Mobil by 232.3% during the first quarter. MUFG Securities EMEA plc now owns 1,024,472 shares of the oil and gas company’s stock valued at $76,436,000 after acquiring an additional 716,200 shares during the period. Keystone Financial Planning Inc. grew its position in Exxon Mobil by 5.7% during the first quarter. Keystone Financial Planning Inc. now owns 80,613 shares of the oil and gas company’s stock valued at $6,014,000 after acquiring an additional 4,330 shares during the period. Checchi Capital Advisers LLC grew its position in Exxon Mobil by 11.6% during the first quarter. Checchi Capital Advisers LLC now owns 29,667 shares of the oil and gas company’s stock valued at $2,213,000 after acquiring an additional 3,084 shares during the period. Finally, Allen Capital Group LLC grew its position in Exxon Mobil by 50.6% during the first quarter. Allen Capital Group LLC now owns 5,980 shares of the oil and gas company’s stock valued at $446,000 after acquiring an additional 2,010 shares during the period. 51.86% of the stock is owned by institutional investors.
Exxon Mobil opened at $81.97 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.80. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The stock has a market capitalization of $341.71 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.09 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 14th were paid a $0.82 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Friday, May 11th. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. Exxon Mobil’s payout ratio is 91.36%.
XOM has been the subject of a number of research reports. Bank of America set a $100.00 price target on Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, March 7th. HSBC raised Exxon Mobil from a “reduce” rating to a “buy” rating and boosted their price target for the company from $73.60 to $82.50 in a research report on Thursday, March 15th. Wells Fargo & Co reissued a “market perform” rating and set a $82.00 price target (down previously from $87.00) on shares of Exxon Mobil in a research report on Thursday, March 8th. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $72.16 to $100.00 in a research report on Wednesday, May 30th. They noted that the move was a valuation call. Finally, Raymond James raised Exxon Mobil from an “underperform” rating to a “market perform” rating in a research report on Monday, April 23rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $86.66.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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