CORDA Investment Management LLC. Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

CORDA Investment Management LLC. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,660 shares of the oil and gas company’s stock after buying an additional 833 shares during the quarter. CORDA Investment Management LLC.’s holdings in Exxon Mobil were worth $7,063,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Fiducient Advisors LLC increased its position in shares of Exxon Mobil by 224.2% in the 3rd quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock valued at $2,509,000 after purchasing an additional 14,803 shares during the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Exxon Mobil by 1.0% during the third quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock worth $9,671,000 after purchasing an additional 791 shares in the last quarter. S.A. Mason LLC increased its holdings in Exxon Mobil by 4.3% in the third quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock valued at $824,000 after buying an additional 291 shares during the last quarter. Voisard Asset Management Group Inc. raised its stake in Exxon Mobil by 3.3% in the third quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock valued at $543,000 after buying an additional 147 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in Exxon Mobil by 2.7% during the 3rd quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock worth $3,276,000 after buying an additional 726 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 1.1 %

NYSE:XOM opened at $111.33 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock’s 50 day simple moving average is $108.95 and its 200-day simple moving average is $114.23. Exxon Mobil Co. has a 12-month low of $104.03 and a 12-month high of $126.34. The firm has a market cap of $483.08 billion, a P/E ratio of 14.20, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm earned $2.48 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.