Cambrian Capital Limited Partnership bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the first quarter, Holdings Channel reports. The institutional investor bought 51,008 shares of the oil and gas company’s stock, valued at approximately $4,183,000. Exxon Mobil Corporation comprises 4.1% of Cambrian Capital Limited Partnership’s portfolio, making the stock its 7th largest position.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Norges Bank acquired a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $3,306,084,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Exxon Mobil Corporation by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Exxon Mobil Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 7,259,876 shares of the oil and gas company’s stock worth $655,276,000 after buying an additional 471,230 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Exxon Mobil Corporation by 1.0% in the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after buying an additional 47,545 shares during the last quarter. 50.59% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corporation (XOM) traded down 0.42% during trading on Friday, hitting $78.64. The company had a trading volume of 3,087,956 shares. The company has a market capitalization of $333.21 billion, a price-to-earnings ratio of 28.35 and a beta of 0.81. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.22. The stock has a 50-day moving average of $80.58 and a 200 day moving average of $81.80.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is presently 111.19%.
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A number of analysts have recently issued reports on the company. Argus reiterated a “focus list” rating and set a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a report on Thursday, May 18th. UBS AG set a $77.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Simmons upped their target price on Exxon Mobil Corporation from $76.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Finally, Hilliard Lyons started coverage on Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price target on the stock. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the sale, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
About Exxon Mobil Corporation
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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