Nomura Asset Management Co. Ltd. Buys 139,067 Shares of Exxon Mobil Co. (NYSE:XOM)

Nomura Asset Management Co. Ltd. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% during the third quarter, HoldingsChannel reports. The firm owned 2,113,715 shares of the oil and gas company’s stock after purchasing an additional 139,067 shares during the quarter. Exxon Mobil accounts for approximately 0.8% of Nomura Asset Management Co. Ltd.’s holdings, making the stock its 16th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Exxon Mobil were worth $247,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Austin Private Wealth LLC lifted its position in Exxon Mobil by 1.3% during the 2nd quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company’s stock valued at $4,673,000 after acquiring an additional 529 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of Exxon Mobil by 89.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 107,358 shares of the oil and gas company’s stock worth $12,359,000 after purchasing an additional 50,544 shares in the last quarter. Quantum Financial Advisors LLC grew its stake in shares of Exxon Mobil by 23.2% in the 2nd quarter. Quantum Financial Advisors LLC now owns 9,721 shares of the oil and gas company’s stock worth $1,119,000 after buying an additional 1,833 shares during the last quarter. Diligent Investors LLC increased its position in Exxon Mobil by 59.5% during the 2nd quarter. Diligent Investors LLC now owns 13,580 shares of the oil and gas company’s stock valued at $1,563,000 after buying an additional 5,066 shares in the last quarter. Finally, FLC Capital Advisors raised its stake in Exxon Mobil by 9.4% during the second quarter. FLC Capital Advisors now owns 43,788 shares of the oil and gas company’s stock valued at $5,041,000 after buying an additional 3,775 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.1 %

Exxon Mobil stock opened at $113.57 on Monday. The business has a 50-day simple moving average of $119.77 and a two-hundred day simple moving average of $116.47. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $499.15 billion, a P/E ratio of 14.14, a P/E/G ratio of 4.77 and a beta of 0.89.

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, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.49%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. TD Cowen raised their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.