Cadinha & Co. LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,083 shares of the oil and gas company’s stock after purchasing an additional 10,177 shares during the quarter. Exxon Mobil comprises 1.4% of Cadinha & Co. LLC’s investment portfolio, making the stock its 28th biggest position. Cadinha & Co. LLC’s holdings in Exxon Mobil were worth $8,451,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of XOM. First Republic Investment Management Inc. raised its stake in shares of Exxon Mobil by 3.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 1,415,876 shares of the oil and gas company’s stock valued at $116,073,000 after acquiring an additional 43,613 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of Exxon Mobil by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 182,501 shares of the oil and gas company’s stock valued at $14,961,000 after acquiring an additional 3,654 shares during the period. Apriem Advisors raised its stake in shares of Exxon Mobil by 5.8% in the 3rd quarter. Apriem Advisors now owns 165,922 shares of the oil and gas company’s stock valued at $13,602,000 after acquiring an additional 9,154 shares during the period. Accident Compensation Corp raised its stake in shares of Exxon Mobil by 20.2% in the 3rd quarter. Accident Compensation Corp now owns 96,464 shares of the oil and gas company’s stock valued at $7,908,000 after acquiring an additional 16,241 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Exxon Mobil by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 6,738,360 shares of the oil and gas company’s stock valued at $552,507,000 after acquiring an additional 167,960 shares during the period. Institutional investors own 53.18% of the company’s stock.
In other Exxon Mobil news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.08% of the company’s stock.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.00%. The firm had revenue of $66.52 billion during the quarter, compared to analysts’ expectations of $74.41 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts anticipate that Exxon Mobil Co. will post 4.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s dividend payout ratio is presently 95.36%.
XOM has been the topic of a number of research analyst reports. Wells Fargo & Co set a $88.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Saturday, January 13th. Vetr raised shares of Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $93.75 price target on the stock in a research note on Tuesday, November 28th. Bank of America set a $100.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $86.37.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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