Cardinal Capital Management grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,005 shares of the oil and gas company’s stock after purchasing an additional 3,068 shares during the period. Exxon Mobil Corporation accounts for about 2.0% of Cardinal Capital Management’s investment portfolio, making the stock its 7th largest position. Cardinal Capital Management’s holdings in Exxon Mobil Corporation were worth $6,055,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Riggs Asset Managment Co. Inc. raised its stake in shares of Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 292 shares during the period. Horan Securities Inc. increased its stake in shares of Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares during the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation in the first quarter worth $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the last quarter. Finally, Diversified Portfolios Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at $224,000. 50.83% of the stock is currently owned by institutional investors.
Exxon Mobil Corporation (XOM) traded down $1.03 during trading on Friday, reaching $82.94. The company had a trading volume of 8,693,600 shares, compared to its average volume of 11,038,182. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The company has a market capitalization of $355,789.78, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.77 and a beta of 0.84.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the business earned $0.63 earnings per share. research analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
XOM has been the subject of several recent research reports. TheStreet upgraded shares of Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Vetr raised shares of Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a report on Thursday, August 17th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Barclays PLC set a $94.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Monday, August 21st. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $85.57.
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In other news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
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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