Rakuten Securities Inc. Sells 571 Shares of Exxon Mobil Co. (NYSE:XOM)

Rakuten Securities Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,256 shares of the oil and gas company’s stock after selling 571 shares during the period. Rakuten Securities Inc.’s holdings in Exxon Mobil were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in Exxon Mobil during the 2nd quarter valued at about $980,210,000. International Assets Investment Management LLC raised its position in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Capital International Investors lifted its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after buying an additional 5,330,887 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on XOM shares. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. TD Cowen decreased their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

XOM opened at $120.35 on Wednesday. The firm has a market capitalization of $528.95 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.05 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. The business’s 50-day moving average is $117.96 and its two-hundred day moving average is $116.32. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

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

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Exxon Mobil Company 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.