Resona Asset Management Co. Ltd. Takes Position in Exxon Mobil Co. (NYSE:XOM)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,352,317 shares of the oil and gas company’s stock, valued at approximately $145,256,000. Exxon Mobil comprises about 0.9% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Islay Capital Management LLC increased its stake in Exxon Mobil by 6.6% in the fourth quarter. Islay Capital Management LLC now owns 14,969 shares of the oil and gas company’s stock worth $1,610,000 after purchasing an additional 921 shares during the period. Pioneer Trust Bank N A OR increased its stake in Exxon Mobil by 3.7% in the 4th quarter. Pioneer Trust Bank N A OR now owns 57,986 shares of the oil and gas company’s stock worth $6,238,000 after buying an additional 2,067 shares during the period. Orion Investment Co lifted its holdings in Exxon Mobil by 2.3% during the 4th quarter. Orion Investment Co now owns 85,602 shares of the oil and gas company’s stock valued at $9,208,000 after buying an additional 1,913 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at about $267,000. Finally, First Western Trust Bank grew its stake in Exxon Mobil by 7.9% in the 4th quarter. First Western Trust Bank now owns 15,752 shares of the oil and gas company’s stock worth $1,694,000 after acquiring an additional 1,160 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.17 on Friday. The firm has a market capitalization of $452.01 billion, a P/E ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $111.16 and a 200 day moving average price of $113.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.80.

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.