SBI Securities Co. Ltd. Sells 8,030 Shares of ExxonMobil Corporation $XOM

SBI Securities Co. Ltd. decreased its holdings in ExxonMobil Corporation (NYSE:XOM) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,250 shares of the oil and gas company’s stock after selling 8,030 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ExxonMobil were worth $16,577,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Portus Wealth Advisors LLC bought a new position in ExxonMobil during the first quarter worth about $36,000. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares in the last quarter. Finally, Atlantic Private Wealth LLC raised its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after buying an additional 202 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on XOM shares. Barclays boosted their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. TD Cowen boosted their target price on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Wells Fargo & Company reissued an “overweight” rating and set a $182.00 price target on shares of ExxonMobil in a report on Monday, August 3rd. Finally, UBS Group set a $168.00 price target on shares of ExxonMobil in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $163.29.

ExxonMobil Trading Up 0.9%

Shares of XOM opened at $160.08 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $663.52 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.62 and a beta of 0.17. The stock has a fifty day moving average price of $147.00 and a two-hundred day moving average price of $150.45. ExxonMobil Corporation has a 52-week low of $105.67 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the company posted $1.64 EPS. Analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 53.02%.

ExxonMobil Profile

ExxonMobil 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.