Garde Capital Inc. Makes New $1.58 Million Investment in Exxon Mobil Co. (NYSE:XOM)

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Garde Capital Inc. acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 35,236 shares of the oil and gas company’s stock, valued at approximately $1,576,000.

Several other large investors have also recently modified their holdings of XOM. Toronto Dominion Bank grew its holdings in Exxon Mobil by 2.9% in the second quarter. Toronto Dominion Bank now owns 3,045,810 shares of the oil and gas company’s stock worth $102,611,000 after purchasing an additional 84,579 shares during the period. Advisor OS LLC bought a new position in Exxon Mobil during the second quarter valued at approximately $422,000. Gleason Group Inc. lifted its position in Exxon Mobil by 10.7% during the second quarter. Gleason Group Inc. now owns 14,685 shares of the oil and gas company’s stock valued at $657,000 after purchasing an additional 1,420 shares during the period. WFA of San Diego LLC bought a new position in Exxon Mobil during the second quarter valued at approximately $980,000. Finally, Quadrature Capital Ltd raised its position in Exxon Mobil by 38.4% in the second quarter. Quadrature Capital Ltd now owns 114,929 shares of the oil and gas company’s stock worth $5,136,000 after acquiring an additional 31,867 shares during the period. 50.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:XOM traded down $0.39 during midday trading on Tuesday, hitting $36.27. 26,129,900 shares of the stock were exchanged, compared to its average volume of 28,307,201. The stock has a market cap of $155.01 billion, a P/E ratio of 22.01 and a beta of 1.26. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $75.18. The company has a 50 day moving average price of $41.39 and a 200-day moving average price of $43.44.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company’s quarterly revenue was down 52.8% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post -0.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 9.59%. The ex-dividend date was Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.

A number of analysts have recently issued reports on XOM shares. Cowen reissued a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. SunTrust Banks started coverage on shares of Exxon Mobil in a research note on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price objective for the company. Royal Bank of Canada raised their target price on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 3rd. Scotiabank decreased their price objective on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a report on Monday, July 13th. Finally, Raymond James reissued a “sell” rating on shares of Exxon Mobil in a research report on Tuesday, August 25th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.30.

Exxon Mobil Company 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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

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