Nomura Asset Management Co. Ltd. Acquires 99,955 Shares of Exxon Mobil Co. (NYSE:XOM)

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,774,519 shares of the oil and gas company’s stock after purchasing an additional 99,955 shares during the quarter. Exxon Mobil accounts for about 0.7% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 19th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $177,416,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Auxier Asset Management increased its position in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after acquiring an additional 97 shares during the last quarter. Boltwood Capital Management increased its stake in shares of Exxon Mobil by 0.4% in the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after buying an additional 98 shares during the last quarter. Blackhawk Capital Partners LLC. raised its holdings in Exxon Mobil by 0.3% in the third quarter. Blackhawk Capital Partners LLC. now owns 31,674 shares of the oil and gas company’s stock valued at $3,724,000 after acquiring an additional 99 shares in the last quarter. Clear Investment Research LLC grew its holdings in Exxon Mobil by 11.5% during the 3rd quarter. Clear Investment Research LLC now owns 972 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 100 shares in the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in shares of Exxon Mobil by 3.1% in the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 3,339 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.00.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM traded down $0.09 during trading hours on Friday, hitting $113.42. 12,129,390 shares of the company were exchanged, compared to its average volume of 18,398,010. The company has a fifty day simple moving average of $117.63 and a 200 day simple moving average of $107.80. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock has a market capitalization of $447.22 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the company posted $2.83 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.