Campbell Wealth Management Sells 309 Shares of Exxon Mobil Co. (NYSE:XOM)

Campbell Wealth Management trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,429 shares of the oil and gas company’s stock after selling 309 shares during the quarter. Exxon Mobil accounts for about 1.7% of Campbell Wealth Management’s portfolio, making the stock its 9th biggest holding. Campbell Wealth Management’s holdings in Exxon Mobil were worth $5,115,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth about $5,519,753,000. Price T Rowe Associates Inc. MD raised its holdings in Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after buying an additional 2,676,652 shares during the period. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after buying an additional 4,080,716 shares in the last quarter. Finally, Capital International Investors lifted its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $111.15 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company’s fifty day moving average is $115.66 and its 200-day moving average is $114.98. The firm has a market cap of $438.27 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. UBS Group boosted their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

About Exxon Mobil

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.