Sumitomo Mitsui Asset Management Company LTD Has $27.83 Million Position in Exxon Mobil Corporation (XOM)

Sumitomo Mitsui Asset Management Company LTD trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 8.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 344,684 shares of the oil and gas company’s stock after selling 29,789 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Exxon Mobil Corporation were worth $27,826,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Horizon Investment Services LLC raised its holdings in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after buying an additional 20 shares during the last quarter. Jag Capital Management LLC raised its holdings in shares of Exxon Mobil Corporation by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after buying an additional 26 shares during the last quarter. Harwood Advisory Group LLC raised its holdings in Exxon Mobil Corporation by 0.5% during the 2nd quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock worth $668,000 after purchasing an additional 40 shares during the last quarter. Alpha Windward LLC raised its holdings in Exxon Mobil Corporation by 0.8% during the 1st quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 43 shares during the last quarter. Finally, Sonata Capital Group Inc. raised its holdings in Exxon Mobil Corporation by 0.9% during the 1st quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock worth $453,000 after purchasing an additional 50 shares during the last quarter. 50.74% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Several brokerages have weighed in on XOM. Zacks Investment Research raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Thursday. Morgan Stanley set a $85.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, October 17th. BNP Paribas set a $70.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Monday, September 25th. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a report on Thursday, September 28th. Finally, BMO Capital Markets set a $80.00 price objective on Exxon Mobil Corporation and gave the stock a “hold” rating in a report on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.63.

Shares of Exxon Mobil Corporation (XOM) opened at 83.47 on Friday. The firm has a 50-day moving average price of $81.34 and a 200 day moving average price of $80.79. The company has a market cap of $353.67 billion, a PE ratio of 30.09 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.

Exxon Mobil Corporation Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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