Campbell Wealth Management Has $4.86 Million Position in Exxon Mobil Co. (NYSE:XOM)

Campbell Wealth Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,441 shares of the oil and gas company’s stock after selling 2,988 shares during the quarter. Exxon Mobil accounts for approximately 0.4% of Campbell Wealth Management’s portfolio, making the stock its 18th largest holding. Campbell Wealth Management’s holdings in Exxon Mobil were worth $4,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the second quarter worth approximately $980,210,000. International Assets Investment Management LLC increased its position in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Capital International Investors boosted its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.37.

Exxon Mobil Trading Down 1.6 %

Shares of NYSE XOM opened at $114.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $453.25 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The business has a fifty day moving average price of $117.67 and a 200 day moving average price of $116.35.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 8.01 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.44%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.