Campbell Wealth Management sells 309 shares of Exxon Mobil Co. (NYSE:XOM)

Campbell Wealth Management reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & 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 makes up 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 have recently modified 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 buying an additional 1,269,495 shares during the period. Norges Bank acquired a new position in Exxon Mobil in the 4th quarter valued at about $5,519,753,000. Price T Rowe Associates Inc. MD boosted its holdings in Exxon Mobil by 6.3% in the first 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 purchasing an additional 2,676,652 shares during the period. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 11.3% in 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 purchasing an additional 4,080,716 shares during the last quarter. Finally, 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 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 shares.

Exxon Mobil stock performance

Shares of XOM stock 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 – Get Your Free Report ) last released 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. In the same period last year, the company posted earnings of $1.94 per share. The company’s quarterly revenue was up 12.2% year over year. Equity analysts expect Exxon Mobil Co. will record 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Changes in Analyst Ratings

XOM has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price 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 upped 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 price target 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 reduced 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. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29, according to MarketBeat.com.

Get the latest stock analysis on XOM

About Exxon Mobil

(Free Report)

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

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