Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Exxon Mobil Co. (NYSE:XOM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 670,280 shares of the oil and gas company’s stock after purchasing an additional 22,289 shares during the quarter. Exxon Mobil comprises approximately 0.8% of Sumitomo Mitsui DS Asset Management Company Ltd’s investment portfolio, making the stock its 28th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Exxon Mobil were worth $78,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC raised its stake in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. raised its stake in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after acquiring an additional 88 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 8th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $120.00 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $473.16 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. The stock’s fifty day simple moving average is $117.39 and its 200-day simple moving average is $116.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio is 46.57%.

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.