Mizuho Bank Ltd. Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Mizuho Bank Ltd. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 870 shares of the oil and gas company’s stock after selling 390 shares during the quarter. Exxon Mobil accounts for 0.0% of Mizuho Bank Ltd.’s portfolio, making the stock its 29th largest position. Mizuho Bank Ltd.’s holdings in Exxon Mobil were worth $94,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $46,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $104.17 on Friday. The stock has a 50-day moving average price of $111.16 and a 200 day moving average price of $113.81. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $103.67 and a 12-month high of $126.34. The stock has a market capitalization of $452.01 billion, a P/E ratio of 13.29, a P/E/G ratio of 3.02 and a beta of 0.60.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal 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 given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.80%. Exxon Mobil’s payout ratio is 50.51%.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Mizuho lowered their target price on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.80.

Insider Transactions at Exxon Mobil

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 stock was 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 owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.