Exxon Mobil Corporation (XOM) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 9.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,328 shares of the oil and gas company’s stock after selling 66,794 shares during the period. Exxon Mobil Corporation accounts for about 1.2% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 10th biggest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Exxon Mobil Corporation were worth $50,644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Athos Capital Ltd acquired a new stake in shares of Exxon Mobil Corporation in the second quarter valued at about $756,000. National Planning Corp raised its position in shares of Exxon Mobil Corporation by 27.1% in the second quarter. National Planning Corp now owns 133,738 shares of the oil and gas company’s stock valued at $10,980,000 after buying an additional 28,523 shares during the last quarter. Davis Rea Ltd. raised its position in shares of Exxon Mobil Corporation by 1.2% in the second quarter. Davis Rea Ltd. now owns 28,436 shares of the oil and gas company’s stock valued at $2,296,000 after buying an additional 350 shares during the last quarter. Bank of The Ozarks raised its position in shares of Exxon Mobil Corporation by 5.2% in the second quarter. Bank of The Ozarks now owns 61,263 shares of the oil and gas company’s stock valued at $4,946,000 after buying an additional 3,019 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Exxon Mobil Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 20,523,456 shares of the oil and gas company’s stock valued at $1,656,859,000 after buying an additional 1,406,529 shares during the last quarter. Institutional investors and hedge funds own 50.84% of the company’s stock.

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 shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

Several research firms recently issued reports on XOM. Vetr upgraded shares of Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $90.47 price objective for the company in a research report on Friday. Royal Bank Of Canada cut their price objective on shares of Exxon Mobil Corporation from $90.00 to $85.00 and set a “sector perform” rating for the company in a research report on Thursday. BNP Paribas set a $75.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Finally, cut shares of Exxon Mobil Corporation from a “hold” rating to a “reduce” rating and cut their price objective for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average target price of $85.78.

Exxon Mobil Corporation (NYSE:XOM) opened at $80.24 on Friday. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market cap of $341,340.00, a P/E ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.83.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. equities research analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors 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 3.84%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.

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Exxon Mobil Corporation Company 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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