Tokio Marine Asset Management Co. Ltd. Has $21.91 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,871 shares of the oil and gas company’s stock after purchasing an additional 5,762 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 22nd largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $21,905,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $39,000. POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.1 %

Shares of NYSE XOM opened at $120.57 on Friday. The business’s 50 day moving average is $118.21 and its two-hundred day moving average is $116.38. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market capitalization of $529.92 billion, a P/E ratio of 15.01, a PEG ratio of 5.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is presently 47.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of research analyst reports. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, TD Cowen decreased their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.