Cardinal Capital Management Buys 5,209 Shares of Exxon Mobil Co. (NYSE:XOM)

Cardinal Capital Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 110,717 shares of the oil and gas company’s stock after purchasing an additional 5,209 shares during the quarter. Exxon Mobil accounts for about 2.1% of Cardinal Capital Management’s holdings, making the stock its 6th biggest holding. Cardinal Capital Management’s holdings in Exxon Mobil were worth $12,870,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XOM. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $50,000. Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Neo Ivy Capital Management purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $80,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TD Cowen upped their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday. Scotiabank increased their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Stock Up 0.4 %

Shares of XOM opened at $114.91 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a market capitalization of $453.09 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. The stock has a fifty day simple moving average of $115.42 and a two-hundred day simple moving average of $109.42. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

About Exxon Mobil

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.