Mizuho Markets Americas LLC Has $11.67 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Mizuho Markets Americas LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 140.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,360 shares of the oil and gas company’s stock after acquiring an additional 58,649 shares during the period. Mizuho Markets Americas LLC’s holdings in Exxon Mobil were worth $11,666,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $277,000. Ullmann Wealth Partners Group LLC increased its holdings in shares of Exxon Mobil by 4.5% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 6,467 shares of the oil and gas company’s stock worth $647,000 after purchasing an additional 279 shares during the period. West Coast Financial LLC increased its holdings in shares of Exxon Mobil by 93.3% during the fourth quarter. West Coast Financial LLC now owns 4,750 shares of the oil and gas company’s stock worth $475,000 after purchasing an additional 2,293 shares during the period. Grey Street Capital LLC increased its holdings in shares of Exxon Mobil by 12.5% during the fourth quarter. Grey Street Capital LLC now owns 37,457 shares of the oil and gas company’s stock worth $3,745,000 after purchasing an additional 4,173 shares during the period. Finally, Vest Financial LLC increased its holdings in shares of Exxon Mobil by 29.1% during the fourth quarter. Vest Financial LLC now owns 378,301 shares of the oil and gas company’s stock worth $37,823,000 after purchasing an additional 85,383 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 2.3 %

XOM stock traded down $2.73 during midday trading on Friday, hitting $116.07. The stock had a trading volume of 16,157,707 shares, compared to its average volume of 15,032,544. The firm has a market cap of $457.67 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.47 and a beta of 0.91. 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 Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a fifty day moving average price of $114.13 and a two-hundred day moving average price of $111.04.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the firm posted $2.83 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XOM shares. 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. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday. They issued an “outperform” rating and a $146.00 price objective on the stock. Truist Financial reissued a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.94.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil 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.