Canton Hathaway LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Canton Hathaway LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 33.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 963 shares of the oil and gas company’s stock after acquiring an additional 243 shares during the period. Canton Hathaway LLC’s holdings in Exxon Mobil were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Dupree Financial Group LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $378,000. Intact Investment Management Inc. raised its stake in shares of Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after buying an additional 47,400 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $312,000. Kinsale Capital Group Inc. grew its stake in Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after acquiring an additional 9,657 shares during the last quarter. Finally, Buckingham Capital Management Inc. increased its holdings in Exxon Mobil by 24.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 2,040 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 3.3 %

XOM stock traded down $3.95 during trading on Tuesday, reaching $114.58. 15,258,534 shares of the stock traded hands, compared to its average volume of 17,177,977. The firm has a market capitalization of $451.79 billion, a PE ratio of 14.26, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The business’s 50 day moving average price is $114.80 and its 200-day moving average price is $113.58. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. TD Cowen increased their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, HSBC raised their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $134.56.

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.