Industry News

Campbell Wealth Management Trims Stake in Exxon Mobil Co. (NYSE:XOM)

By September 11, 2019 No Comments

Campbell Wealth Management decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,510 shares of the oil and gas company’s stock after selling 3,116 shares during the period. Exxon Mobil accounts for about 0.5% of Campbell Wealth Management’s holdings, making the stock its 16th biggest position. Campbell Wealth Management’s holdings in Exxon Mobil were worth $1,955,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC raised its holdings in Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares in the last quarter. Asset Planning Services Ltd. grew its position in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $45,000. INR Advisory Services LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $43,000. Finally, Interactive Financial Advisors acquired a new position in Exxon Mobil during the 1st quarter valued at about $65,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

Shares of XOM traded up $0.47 during mid-day trading on Tuesday, reaching $71.96. The company had a trading volume of 7,615,247 shares, compared to its average volume of 10,075,398. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a market cap of $300.11 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99. The firm has a fifty day simple moving average of $70.65 and a 200-day simple moving average of $76.06. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 3.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.84%. Exxon Mobil’s payout ratio is 70.59%.

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Bank of America restated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $81.13.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

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 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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