Sumitomo Mitsui Trust Holdings Inc. Buys 51,810 Shares of Exxon Mobil Corporation (NYSE:XOM)

Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,909,244 shares of the oil and gas company’s stock after buying an additional 51,810 shares during the period. Exxon Mobil Corporation accounts for about 1.5% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its 5th largest position. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of Exxon Mobil Corporation worth $976,677,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Cordasco Financial Network raised its stake in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. LifePlan Financial Group Inc raised its stake in shares of Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock valued at $370,000 after buying an additional 24 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock valued at $1,057,000 after buying an additional 38 shares during the last quarter. Nadler Financial Group Inc. raised its stake in shares of Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock valued at $1,301,000 after buying an additional 40 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in shares of Exxon Mobil Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 43 shares during the last quarter. 50.77% of the stock is currently owned by institutional investors.

Exxon Mobil Corporation (NYSE:XOM) traded down 0.66% during midday trading on Thursday, hitting $76.96. The company had a trading volume of 2,068,180 shares. Exxon Mobil Corporation has a 52-week low of $76.85 and a 52-week high of $93.22. The stock has a 50 day moving average of $80.21 and a 200 day moving average of $81.56. The firm has a market cap of $326.09 billion, a price-to-earnings ratio of 27.74 and a beta of 0.81.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. During the same period in the prior year, the company posted $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Corporation will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.

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A number of analysts have recently issued reports on XOM shares. Bank of America Corporation raised Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Wolfe Research lowered Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, May 30th. Zacks Investment Research lowered Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, July 14th. Finally, BMO Capital Markets lifted their price target on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 21st. Eight research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation presently has an average rating of “Hold” and a consensus price target of $84.98.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

About Exxon Mobil Corporation

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.