CX Institutional Has $3.78 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM) - Tech Know Bits

Exxon Mobil logo CX Institutional increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 119.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,334 shares of the oil and gas company’s stock after purchasing an additional 26,899 shares during the period. CX Institutional’s holdings in Exxon Mobil were worth $3,780,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Chesley Taft & Associates LLC lifted its position in Exxon Mobil by 0.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after acquiring an additional 1,440 shares during the last quarter. Hendley & Co. Inc. lifted its position in Exxon Mobil by 2.7% during the 1st quarter. Hendley & Co. Inc. now owns 11,880 shares of the oil and gas company’s stock worth $960,000 after acquiring an additional 309 shares during the last quarter. Adirondack Trust Co. lifted its position in Exxon Mobil by 2.2% during the 2nd quarter. Adirondack Trust Co. now owns 34,492 shares of the oil and gas company’s stock worth $2,643,000 after acquiring an additional 758 shares during the last quarter. Wiley BROS. Aintree Capital LLC lifted its position in Exxon Mobil by 54.3% during the 2nd quarter. Wiley BROS. Aintree Capital LLC now owns 6,804 shares of the oil and gas company’s stock worth $521,000 after acquiring an additional 2,394 shares during the last quarter. Finally, RB Capital Management LLC lifted its position in Exxon Mobil by 11.1% during the 4th quarter. RB Capital Management LLC now owns 8,608 shares of the oil and gas company’s stock worth $587,000 after acquiring an additional 859 shares during the last quarter. Hedge funds and other institutional investors own 54.49% of the company’s stock.

In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Shares of XOM traded up $0.78 during trading hours on Friday, reaching $68.03. 4,380,585 shares of the company traded hands, compared to its average volume of 11,703,457. The stock’s fifty day moving average is $74.35 and its 200 day moving average is $76.95. The stock has a market cap of $298.25 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 3.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.12%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

XOM has been the subject of a number of research analyst reports. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Bank of America reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. set a $83.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus price target of $82.59.

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.