Cadinha & Co. LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Cadinha & Co. LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,965 shares of the oil and gas company’s stock after acquiring an additional 3,354 shares during the quarter. Exxon Mobil accounts for approximately 2.5% of Cadinha & Co. LLC’s investment portfolio, making the stock its 20th biggest holding. Cadinha & Co. LLC’s holdings in Exxon Mobil were worth $15,164,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $54,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.37 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The firm has a 50 day moving average of $112.56 and a two-hundred day moving average of $115.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the company posted $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.