Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,787 shares of the oil and gas company’s stock after buying an additional 4,191 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $14,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Root Financial Partners LLC lifted its position in Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the period. Assenagon Asset Management S.A. increased its position in Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after purchasing an additional 575,649 shares during the period. Qsemble Capital Management LP increased its position in Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares during the period. RNC Capital Management LLC grew its position in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after buying an additional 4,585 shares during the period. Finally, Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $378,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. UBS Group boosted their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. TD Cowen boosted their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Truist Financial boosted their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Price Performance

NYSE XOM traded down $3.86 on Friday, hitting $117.47. 4,820,413 shares of the company’s stock were exchanged, compared to its average volume of 17,913,637. The stock has a 50-day moving average of $113.04 and a 200-day moving average of $106.62. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a market cap of $464.98 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 4.16 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is presently 42.74%.

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.