Industry News

Camden National Bank Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

By September 3, 2019 No Comments

Camden National Bank grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,304 shares of the oil and gas company’s stock after purchasing an additional 3,131 shares during the quarter. Camden National Bank’s holdings in Exxon Mobil were worth $2,016,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Portfolio Management boosted its holdings in shares of Exxon Mobil by 7.5% during the 4th quarter. Meritage Portfolio Management now owns 15,888 shares of the oil and gas company’s stock valued at $1,083,000 after acquiring an additional 1,107 shares in the last quarter. CWM LLC raised its position in Exxon Mobil by 7.7% during the 4th quarter. CWM LLC now owns 434,442 shares of the oil and gas company’s stock worth $29,625,000 after purchasing an additional 31,204 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in Exxon Mobil by 0.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 112,164 shares of the oil and gas company’s stock worth $7,648,000 after purchasing an additional 745 shares during the last quarter. Tandem Investment Advisors Inc. raised its position in Exxon Mobil by 2.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 9,753 shares of the oil and gas company’s stock worth $665,000 after purchasing an additional 240 shares during the last quarter. Finally, Asset Planning Services Inc. LA ADV raised its position in Exxon Mobil by 2.5% during the 4th quarter. Asset Planning Services Inc. LA ADV now owns 54,502 shares of the oil and gas company’s stock worth $3,716,000 after purchasing an additional 1,337 shares during the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

In related news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Several research analysts recently issued reports on XOM shares. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Bank of America reaffirmed a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Monday, August 5th. HSBC reaffirmed a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research report on Thursday, May 23rd. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and lowered their target price for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th. Finally, Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and a consensus target price of $81.50.

Shares of Exxon Mobil stock opened at $68.48 on Monday. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $87.36. The firm has a market capitalization of $289.53 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 2.00 and a beta of 0.97. The business has a 50-day simple moving average of $71.92 and a 200 day simple moving average of $76.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts expect that Exxon Mobil Co. will post 3.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.

About Exxon Mobil

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.

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

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