Exxon Mobil Corporation (XOM) Position Trimmed by KAMES CAPITAL plc
KAMES CAPITAL plc cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,238 shares of the oil and gas company’s stock after selling 986 shares during the quarter. KAMES CAPITAL plc’s holdings in Exxon Mobil Corporation were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horan Securities Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth about $102,000. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth about $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Exxon Mobil Corporation by 13.5% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the period. Cordasco Financial Network lifted its position in Exxon Mobil Corporation by 0.6% during the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the period. Finally, Diversified Portfolios Inc. purchased a new position in Exxon Mobil Corporation during the first quarter worth about $224,000. Hedge funds and other institutional investors own 50.82% of the company’s stock.
Several research firms recently weighed in on XOM. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective on the stock. in a report on Tuesday, June 6th. Hilliard Lyons assumed coverage on Exxon Mobil Corporation in a report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective on the stock. J P Morgan Chase & Co restated a “neutral” rating and issued a $80.00 price objective (down from $81.00) on shares of Exxon Mobil Corporation in a report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a report on Monday, August 21st. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $84.65.
In related 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.
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Shares of Exxon Mobil Corporation (NYSE:XOM) traded down 0.02% on Friday, hitting $80.07. The stock had a trading volume of 16,043,707 shares. The stock has a market cap of $339.27 billion, a P/E ratio of 28.86 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The firm’s 50-day moving average is $78.36 and its 200 day moving average is $80.83.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the prior year, the firm posted $0.41 EPS. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Corporation will post $3.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were given a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
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.
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