Campbell Newman Asset Management Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 19.5% in the second quarter, HoldingsChannel.com reports. The fund owned 22,176 shares of the oil and gas company’s stock after selling 5,358 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Exxon Mobil were worth $1,835,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in Exxon Mobil by 1.2% in the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock valued at $19,459,936,000 after acquiring an additional 2,982,610 shares during the period. Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock valued at $2,281,575,000 after acquiring an additional 1,200,678 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Exxon Mobil by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock valued at $1,778,179,000 after acquiring an additional 1,116,450 shares during the period. First Eagle Investment Management LLC grew its stake in Exxon Mobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after acquiring an additional 5,440,412 shares during the period. Finally, Franklin Resources Inc. grew its stake in Exxon Mobil by 3.0% in the first quarter. Franklin Resources Inc. now owns 13,143,572 shares of the oil and gas company’s stock valued at $980,635,000 after acquiring an additional 376,686 shares during the period. 52.48% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

XOM has been the subject of a number of research analyst reports. Macquarie reissued a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. Morningstar set a $90.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research report on Tuesday, August 28th. Finally, Societe Generale reaffirmed a “buy” rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Wednesday, July 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $87.08.

XOM stock opened at $80.82 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $360.27 billion, a PE ratio of 22.51, a PEG ratio of 1.48 and a beta of 0.86. Exxon Mobil Co. has a fifty-two week low of $72.15 and a fifty-two week high of $89.30.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue was up 26.6% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 4.6 EPS for the current fiscal year.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Read More: What are the Different Types of Leveraged Buyouts?

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 Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.