Exxon Mobil Co. (NYSE:XOM) is Cadinha & Co. LLC’s 9th Largest Position

Cadinha & Co. LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,747 shares of the oil and gas company’s stock after selling 4,218 shares during the period. Exxon Mobil makes up approximately 3.5% of Cadinha & Co. LLC’s portfolio, making the stock its 9th largest position. Cadinha & Co. LLC’s holdings in Exxon Mobil were worth $16,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. jvl associates llc purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $211,000. Insight Wealth Strategies LLC boosted its position in Exxon Mobil by 1.2% in the 1st quarter. Insight Wealth Strategies LLC now owns 15,901 shares of the oil and gas company’s stock valued at $1,891,000 after buying an additional 189 shares during the period. Lederer & Associates Investment Counsel CA boosted its position in Exxon Mobil by 13.2% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 10,241 shares of the oil and gas company’s stock valued at $1,218,000 after buying an additional 1,194 shares during the period. Waller Financial Planning Group Inc. boosted its position in Exxon Mobil by 35.6% in the 1st quarter. Waller Financial Planning Group Inc. now owns 4,791 shares of the oil and gas company’s stock valued at $570,000 after buying an additional 1,257 shares during the period. Finally, Marotta Asset Management grew its position in shares of Exxon Mobil by 4.9% during the first quarter. Marotta Asset Management now owns 4,583 shares of the oil and gas company’s stock worth $537,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $102.70 on Friday. The company’s fifty day moving average price is $107.24 and its 200 day moving average price is $109.90. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $442.59 billion, a P/E ratio of 13.10, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.86%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.