CNA Financial Corp Has $1.63 Million Position in Exxon Mobil Corporation (XOM)
CNA Financial Corp boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 23.1% during the first quarter, Holdings Channel reports. The fund owned 19,875 shares of the oil and gas company’s stock after buying an additional 3,725 shares during the period. CNA Financial Corp’s holdings in Exxon Mobil Corporation were worth $1,630,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of XOM. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 220 shares during the last quarter. Cordasco Financial Network boosted its position in shares of Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. Finally, Diversified Portfolios Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $224,000. Institutional investors own 50.59% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) traded down 0.96% on Friday, reaching $78.21. 10,192,375 shares of the company traded hands. The stock has a market capitalization of $331.38 billion, a P/E ratio of 28.19 and a beta of 0.81. The stock’s 50 day moving average price is $80.50 and its 200-day moving average price is $81.75. Exxon Mobil Corporation has a one year low of $78.20 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period last year, the firm posted $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
A number of research firms recently issued reports on XOM. Maxim Group began coverage on shares of Exxon Mobil Corporation in a research report on Thursday, May 11th. They set a “hold” rating for the company. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective for the company. in a research report on Tuesday, June 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Hilliard Lyons began coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They set a “term buy” rating and a $90.00 price objective for the company. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and a consensus target price of $84.98.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by insiders.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.