Tdam USA Inc. Has $29.42 Million Stake in Exxon Mobil Co. (XOM)

Tdam USA Inc. trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 4.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 394,298 shares of the oil and gas company’s stock after selling 20,009 shares during the period. Exxon Mobil accounts for approximately 1.8% of Tdam USA Inc.’s investment portfolio, making the stock its 7th biggest position. Tdam USA Inc.’s holdings in Exxon Mobil were worth $29,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Stockton grew its position in Exxon Mobil by 6.1% during the 4th quarter. Bank of Stockton now owns 11,791 shares of the oil and gas company’s stock worth $985,000 after purchasing an additional 675 shares during the last quarter. Eqis Capital Management Inc. grew its position in Exxon Mobil by 4.6% during the 4th quarter. Eqis Capital Management Inc. now owns 43,964 shares of the oil and gas company’s stock worth $3,677,000 after purchasing an additional 1,924 shares during the last quarter. Delta Capital Management LLC purchased a new stake in Exxon Mobil during the 4th quarter worth approximately $2,917,000. Corbenic Partners LLC grew its position in Exxon Mobil by 26.0% during the 4th quarter. Corbenic Partners LLC now owns 5,267 shares of the oil and gas company’s stock worth $441,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Exxon Mobil by 68.1% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 447,885 shares of the oil and gas company’s stock worth $37,852,000 after purchasing an additional 181,506 shares during the last quarter. Institutional investors own 51.93% of the company’s stock.

Shares of NYSE XOM opened at $76.94 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a market cap of $336.54 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. equities research analysts forecast that Exxon Mobil Co. will post 4.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, August 10th. Exxon Mobil’s dividend payout ratio is currently 91.36%.

Several analysts have weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and set a $105.00 target price on shares of Exxon Mobil in a research report on Wednesday, August 8th. Jefferies Financial Group reissued a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a research report on Wednesday. ValuEngine raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 10th. Finally, Barclays lifted their price objective on shares of Exxon Mobil from $84.00 to $87.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $86.98.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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