Cadinha & Co. LLC Sells 4,218 Shares of Exxon Mobil Co. (NYSE:XOM)

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

Other large investors also recently made changes to their positions in the company. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $32,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.7%

Shares of XOM stock traded up $0.71 during mid-day trading on Monday, reaching $103.01. 17,286,652 shares of the stock traded hands, compared to its average volume of 15,555,457. The stock's fifty day simple moving average is $106.65 and its two-hundred day simple moving average is $109.50. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $443.95 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XOM shares. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

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.