Resona Asset Management Co. Ltd. Has $165.95 Million Position in ExxonMobil Corporation $XOM

Resona Asset Management Co. Ltd. reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,378,650 shares of the oil and gas company’s stock after selling 69,253 shares during the quarter. ExxonMobil accounts for 0.8% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 16th biggest holding. Resona Asset Management Co. Ltd.’s holdings in ExxonMobil were worth $165,953,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XOM. Midwest Capital Advisors LLC acquired a new position in ExxonMobil during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the fourth quarter worth approximately $28,000. Westfuller Advisors LLC acquired a new stake in shares of ExxonMobil during the third quarter worth approximately $30,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter worth approximately $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is benefiting from stronger crude prices, which improve upstream profitability and boost investor sentiment toward the stock. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: The company’s strong first-quarter results and analyst attention are keeping momentum in the shares, suggesting the latest move is supported by earnings strength rather than only short-term trading. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Positive Sentiment: A Texas jury clearing ExxonMobil of investor fraud claims removes a major legal overhang and may improve the market’s view of risk around the stock. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: ExxonMobil is also drawing increased investor and analyst attention, but these reports do not add new business developments by themselves. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Proxy adviser opposition to Exxon’s move to Texas could create governance controversy and keep some pressure on the stock if the issue escalates. Opinion | The Proxy Advisers Strike Back

ExxonMobil Price Performance

NYSE:XOM opened at $160.20 on Tuesday. The stock has a market cap of $664.01 billion, a P/E ratio of 27.01, a PEG ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. The company has a fifty day moving average price of $155.23 and a 200 day moving average price of $137.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the business earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts anticipate that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analyst Weigh In

Several analysts recently commented on XOM shares. Barclays raised their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Loop Capital set a $123.00 price target on ExxonMobil in a report on Tuesday, February 3rd. Morgan Stanley dropped their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Finally, Mizuho increased their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.95.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.