Mitsubishi UFJ Trust & Banking Corp Sells 20,079 Shares of Exxon Mobil Co. (NYSE:XOM)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,468,511 shares of the oil and gas company's stock after selling 20,079 shares during the period. Exxon Mobil comprises about 0.6% of Mitsubishi UFJ Trust & Banking Corp's investment portfolio, making the stock its 18th biggest holding. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Exxon Mobil worth $265,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Longfellow Investment Management Co. LLC grew its stake in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock valued at $1,704,000 after purchasing an additional 88 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after buying an additional 92 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares in the last quarter. Cadent Capital Advisors LLC increased its holdings in Exxon Mobil by 0.3% in the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after buying an additional 94 shares during the last quarter. Finally, Lincoln Capital LLC raised its position in Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after acquiring an additional 94 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

XOM stock traded up $0.81 during trading on Tuesday, reaching $116.61. 12,080,693 shares of the stock were exchanged, compared to its average volume of 14,963,363. The stock has a 50 day simple moving average of $110.36 and a 200-day simple moving average of $113.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $505.99 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 period in the prior year, the firm earned $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Barclays cut their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.15.

Exxon Mobil 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.