Rakuten Securities Inc. Sells 571 Shares of Exxon Mobil Co. (NYSE:XOM)

Rakuten Securities Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,256 shares of the oil and gas company’s stock after selling 571 shares during the period. Rakuten Securities Inc.’s holdings in Exxon Mobil were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its holdings in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $980,210,000. International Assets Investment Management LLC boosted its holdings in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Capital International Investors increased its holdings in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $120.35 on Wednesday. The business’s 50-day moving average is $117.96 and its 200 day moving average is $116.32. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a P/E/G ratio of 5.05 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

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.