C M Bidwell & Associates Ltd. Purchases 30 Shares of Exxon Mobil Corporation (XOM)
C M Bidwell & Associates Ltd. boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,430 shares of the oil and gas company’s stock after purchasing an additional 30 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in Exxon Mobil were worth $196,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Caxton Associates LP acquired a new position in shares of Exxon Mobil during the second quarter valued at about $122,773,000. Cubist Systematic Strategies LLC increased its holdings in shares of Exxon Mobil by 196.3% during the second quarter. Cubist Systematic Strategies LLC now owns 76,711 shares of the oil and gas company’s stock valued at $6,193,000 after acquiring an additional 50,820 shares in the last quarter. Carret Asset Management LLC increased its holdings in shares of Exxon Mobil by 4.0% during the second quarter. Carret Asset Management LLC now owns 120,857 shares of the oil and gas company’s stock valued at $9,757,000 after acquiring an additional 4,694 shares in the last quarter. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil during the second quarter valued at about $114,000. Finally, Green Square Capital LLC increased its holdings in shares of Exxon Mobil by 6.0% during the second quarter. Green Square Capital LLC now owns 81,824 shares of the oil and gas company’s stock valued at $6,606,000 after acquiring an additional 4,625 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.
In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,513 shares of company stock worth $3,465,657. Insiders own 0.08% of the company’s stock.
Several research firms have recently issued reports on XOM. Vetr downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a report on Friday, October 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Societe Generale set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Finally, Independent Research set a $84.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, August 21st. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.18.
Exxon Mobil Corporation (NYSE:XOM) traded up $0.37 during trading on Tuesday, reaching $83.03. The company’s stock had a trading volume of 8,760,700 shares, compared to its average volume of 10,964,720. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The stock has a market cap of $350,239.19, a price-to-earnings ratio of 23.22, a PEG ratio of 1.73 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. sell-side analysts forecast that Exxon Mobil Corporation will post 3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.71%. Exxon Mobil’s dividend payout ratio is presently 100.33%.
Exxon Mobil 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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