Cadent Capital Advisors LLC Buys 94 Shares of Exxon Mobil Co. (NYSE:XOM)

Cadent Capital Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,372 shares of the oil and gas company’s stock after purchasing an additional 94 shares during the quarter. Exxon Mobil makes up approximately 1.4% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $4,020,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC increased its position in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $2.77 during trading hours on Monday, hitting $109.31. The company’s stock had a trading volume of 8,903,371 shares, compared to its average volume of 14,397,230. The business has a 50 day simple moving average of $113.49 and a two-hundred day simple moving average of $115.65. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market cap of $480.43 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

Several research firms have recently issued reports on XOM. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil 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.