Mizuho Securities USA LLC Sells 57,789 Shares of Exxon Mobil Co. (NYSE:XOM)

Mizuho Securities USA LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 288,094 shares of the oil and gas company’s stock after selling 57,789 shares during the period. Exxon Mobil accounts for 0.7% of Mizuho Securities USA LLC’s portfolio, making the stock its 17th largest position. Mizuho Securities USA LLC’s holdings in Exxon Mobil were worth $33,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its position in 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 valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC boosted its stake in shares of 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 acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $120.35 on Thursday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business has a 50-day simple moving average of $118.96 and a two-hundred day simple moving average of $116.47. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $528.95 billion, a PE ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. 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 annualized dividend and a dividend yield of 3.29%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, November 4th. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

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.