Exxon Mobil Co. (XOM) Stake Lessened by Cadinha & Co. LLC

Cadinha & Co. LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 22.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,472 shares of the oil and gas company’s stock after selling 7,750 shares during the quarter. Cadinha & Co. LLC’s holdings in Exxon Mobil were worth $2,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Exxon Mobil by 2.9% during the second quarter. Swiss National Bank now owns 15,058,036 shares of the oil and gas company’s stock valued at $1,245,751,000 after buying an additional 423,200 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Exxon Mobil by 8.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,735,708 shares of the oil and gas company’s stock valued at $1,136,355,000 after buying an additional 1,045,871 shares during the last quarter. LSV Asset Management raised its position in shares of Exxon Mobil by 5.1% during the second quarter. LSV Asset Management now owns 9,895,042 shares of the oil and gas company’s stock valued at $818,616,000 after buying an additional 477,971 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Exxon Mobil by 4.1% during the third quarter. Fisher Asset Management LLC now owns 5,855,133 shares of the oil and gas company’s stock valued at $497,803,000 after buying an additional 228,513 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Exxon Mobil by 36.4% during the third quarter. Bank of Montreal Can now owns 5,317,473 shares of the oil and gas company’s stock valued at $452,092,000 after buying an additional 1,420,065 shares during the last quarter. 53.20% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of XOM opened at $79.47 on Thursday. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The firm has a market capitalization of $332.30 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.89%. The business had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 4.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is 66.53%.

In other Exxon Mobil news, VP David S. Rosenthal sold 7,562 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total transaction of $614,336.88. Following the transaction, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 7,855 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $78.91, for a total transaction of $619,838.05. Following the transaction, the vice president now owns 207,940 shares in the company, valued at approximately $16,408,545.40. The disclosure for this sale can be found here. Insiders have sold 58,587 shares of company stock worth $4,507,808 in the last quarter. Company insiders own 0.08% of the company’s stock.

Several equities research analysts have recently issued reports on XOM shares. HSBC reiterated a “buy” rating and set a $95.00 price objective on shares of Exxon Mobil in a research report on Tuesday, November 6th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Royal Bank of Canada set a $95.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Friday, February 1st. Argus restated a “buy” rating on shares of Exxon Mobil in a research report on Wednesday, February 6th. Finally, Mizuho set a $77.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Wednesday, November 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $84.57.

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About Exxon Mobil

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

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