ExxonMobil Corporation $XOM Stock Holdings Lifted by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 8.0% in the second quarter, HoldingsChannel reports. The firm owned 124,840 shares of the oil and gas company’s stock after acquiring an additional 9,229 shares during the period. ExxonMobil makes up 0.9% of Mufg Securities Americas Inc.’s investment portfolio, making the stock its 19th largest position. Mufg Securities Americas Inc.’s holdings in ExxonMobil were worth $17,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Assetmark Inc. raised its holdings in shares of ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares during the period. Charles Schwab Trust Co lifted its holdings in shares of ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after acquiring an additional 97,424 shares during the period. CV Advisors LLC boosted its holdings in shares of ExxonMobil by 126.7% in the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares in the last quarter. Midwest Trust Co raised its stake in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Mizuho lowered their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Barclays decreased their target price on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. HSBC set a $158.00 target price on ExxonMobil in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein cut their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and a consensus target price of $166.10.

ExxonMobil Trading Up 0.3%

Shares of XOM stock opened at $156.88 on Friday. The firm has a market cap of $650.26 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The business has a 50-day moving average price of $150.53 and a two-hundred day moving average price of $151.87. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 12-month low of $108.35 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter in the previous year, the company earned $1.64 earnings per share. Equities analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

About ExxonMobil

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.