Cambridge Investment Research Advisors Inc. Has $128.04 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Cambridge Investment Research Advisors Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,112,196 shares of the oil and gas company’s stock after buying an additional 58,367 shares during the period. Exxon Mobil accounts for approximately 0.5% of Cambridge Investment Research Advisors Inc.’s investment portfolio, making the stock its 23rd biggest position. Cambridge Investment Research Advisors Inc.’s holdings in Exxon Mobil were worth $128,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the first quarter valued at $25,000. First Pacific Financial bought a new stake in shares of Exxon Mobil in the first quarter valued at about $34,000. POM Investment Strategies LLC boosted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Finally, Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the second quarter valued at about $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.0 %

XOM traded down $1.13 during midday trading on Tuesday, hitting $117.68. The company had a trading volume of 9,762,519 shares, compared to its average volume of 16,975,924. The stock’s 50 day moving average price is $115.35 and its 200 day moving average price is $114.05. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market capitalization of $464.01 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XOM shares. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen upped their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Eight equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Company 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.