Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,949,943 shares of the oil and gas company’s stock after selling 72,154 shares during the period. Exxon Mobil accounts for about 1.2% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its 9th largest holding. Sumitomo Mitsui Trust Holdings Inc. owned 0.40% of Exxon Mobil worth $1,298,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after buying an additional 3,038,704 shares during the last quarter. Rhumbline Advisers boosted its stake in Exxon Mobil by 1.2% during the 4th quarter. Rhumbline Advisers now owns 7,776,722 shares of the oil and gas company’s stock valued at $530,295,000 after purchasing an additional 90,623 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Exxon Mobil by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 5,931,415 shares of the oil and gas company’s stock valued at $404,463,000 after purchasing an additional 76,282 shares during the last quarter. Strs Ohio boosted its stake in Exxon Mobil by 0.6% during the 4th quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock valued at $189,870,000 after purchasing an additional 17,205 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in Exxon Mobil by 0.8% during the 4th quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock valued at $184,660,000 after purchasing an additional 21,800 shares during the last quarter. Institutional investors own 54.49% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Several analysts have commented on the company. Morgan Stanley cut their target price on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. Goldman Sachs Group reiterated a “hold” rating and set a $80.00 target price on shares of Exxon Mobil in a research note on Monday, April 29th. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $82.59.

NYSE XOM opened at $70.49 on Wednesday. The company’s fifty day moving average price is $74.72. The company has a market cap of $299.73 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. As a group, analysts expect that Exxon Mobil Co. will post 3.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.94%. Exxon Mobil’s payout ratio is 70.59%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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