Pacad Investment Ltd. Invests $15.62 Million in Exxon Mobil Corporation (XOM)

Pacad Investment Ltd. purchased a new stake in Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 193,454 shares of the oil and gas company’s stock, valued at approximately $15,618,000. Exxon Mobil accounts for 2.3% of Pacad Investment Ltd.’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evanston Investments Inc. dba Evanston Advisors grew its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 11,528 shares of the oil and gas company’s stock valued at $931,000 after acquiring an additional 100 shares in the last quarter. ARGI Investment Services LLC grew its holdings in shares of Exxon Mobil by 2.7% in the 2nd quarter. ARGI Investment Services LLC now owns 18,265 shares of the oil and gas company’s stock valued at $1,475,000 after acquiring an additional 482 shares in the last quarter. ARGA Investment Management LP grew its holdings in shares of Exxon Mobil by 111.7% in the 2nd quarter. ARGA Investment Management LP now owns 48,900 shares of the oil and gas company’s stock valued at $3,948,000 after acquiring an additional 25,800 shares in the last quarter. Newman Dignan & Sheerar Inc. grew its holdings in shares of Exxon Mobil by 3.7% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 32,842 shares of the oil and gas company’s stock valued at $2,651,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Atwood & Palmer Inc. grew its holdings in shares of Exxon Mobil by 2.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 48,650 shares of the oil and gas company’s stock valued at $3,928,000 after acquiring an additional 1,350 shares in the last quarter. 51.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Robert N. Schleckser sold 4,877 shares of the business’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 transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the business’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 sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,134 shares of company stock valued at $2,683,730. Corporate insiders own 0.08% of the company’s stock.

Several equities analysts have recently weighed in on XOM shares. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective for the company in a report on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price objective on Exxon Mobil and gave the company a “hold” rating in a report on Friday, August 25th. Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, October 30th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, cut Exxon Mobil from a “hold” rating to a “reduce” rating and decreased their price objective for the company from $83.60 to $77.00 in a report on Tuesday, November 7th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.14.

Exxon Mobil Corporation (XOM) traded down $0.68 during trading on Wednesday, reaching $82.89. The company had a trading volume of 9,357,101 shares, compared to its average volume of 10,957,676. 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 debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market capitalization of $354,094.94, a PE ratio of 23.48, a P/E/G ratio of 1.75 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter last year, the company posted $0.63 earnings per share. sell-side analysts anticipate that Exxon Mobil Corporation will post 3.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.

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About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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