Sumitomo Life Insurance Co. Has $4.57 Million Position in Exxon Mobil Co. (NYSE:XOM)

Sumitomo Life Insurance Co. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,735 shares of the oil and gas company’s stock after selling 2,368 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Exxon Mobil were worth $4,573,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. lifted its position in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $43,000. Studio Investment Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $49,000. Finally, Turim 21 Investimentos Ltda. lifted its position in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $118.69 on Wednesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market cap of $469.81 billion, a P/E ratio of 13.35, a P/E/G ratio of 4.15 and a beta of 0.96. The firm’s fifty day moving average price is $110.57 and its two-hundred day moving average price is $106.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the company earned $3.40 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analysts Set New Price Targets

A number of analysts have recently commented on XOM shares. Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group boosted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler lowered their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $131.44.

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.