Asahi Life Asset Management CO. LTD. Sells 4,820 Shares of Exxon Mobil Co. (NYSE:XOM)

Asahi Life Asset Management CO. LTD. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 41.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,715 shares of the oil and gas company’s stock after selling 4,820 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Exxon Mobil were worth $787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Etfidea LLC raised its position in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC raised its position in shares of Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its position in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC raised its position in shares of Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 88 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.3 %

Shares of XOM opened at $117.33 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $462.63 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. The company has a 50-day moving average of $117.60 and a 200 day moving average of $116.39. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Scotiabank upgraded shares of 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 research report on Thursday, October 10th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. BNP Paribas cut shares of 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. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Mizuho boosted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

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.