Mufg Securities Americas Inc. Increases Stake in Exxon Mobil Corporation $XOM

Mufg Securities Americas Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 24.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 95,522 shares of the oil and gas company’s stock after purchasing an additional 18,467 shares during the quarter. Exxon Mobil accounts for 0.9% of Mufg Securities Americas Inc.’s holdings, making the stock its 15th largest position. Mufg Securities Americas Inc.’s holdings in Exxon Mobil were worth $10,297,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of XOM. Axis Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC grew its holdings in Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after buying an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. grew its holdings in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. increased its stake in Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 93 shares during the last quarter. Finally, Cascade Investment Group Inc. raised its holdings in shares of Exxon Mobil by 2.1% during the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Piper Sandler raised their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Stock Up 0.1%

Shares of NYSE:XOM opened at $117.08 on Friday. The firm has a market capitalization of $493.75 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The business has a 50 day simple moving average of $114.69 and a two-hundred day simple moving average of $111.04. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Exxon Mobil 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.