KAMES CAPITAL plc Sells 7,341 Shares of Exxon Mobil Corp. (XOM)
KAMES CAPITAL plc reduced its stake in shares of Exxon Mobil Corp. (NYSE:XOM) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,413 shares of the company’s stock after selling 7,341 shares during the period. Exxon Mobil Corp. comprises approximately 1.8% of KAMES CAPITAL plc’s investment portfolio, making the stock its 23rd largest position. KAMES CAPITAL plc’s holdings in Exxon Mobil Corp. were worth $62,369,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. raised its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC purchased a new position in Exxon Mobil Corp. during the second quarter valued at approximately $125,000. NewSquare Capital LLC raised its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the period. Cantab Capital Partners LLP purchased a new position in Exxon Mobil Corp. during the second quarter valued at approximately $183,000. Finally, NCM Capital Management Group Inc. raised its position in Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 50.34% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.06% during midday trading on Friday, reaching $85.28. 8,457,804 shares of the company traded hands. The company’s 50-day moving average price is $85.97 and its 200 day moving average price is $88.52. The firm has a market capitalization of $353.63 billion, a PE ratio of 39.93 and a beta of 0.86. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $58.68 billion for the quarter, compared to analysts’ expectations of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. Exxon Mobil Corp.’s revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. On average, equities analysts anticipate that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.52%. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
Several research firms recently commented on XOM. Vetr lowered shares of Exxon Mobil Corp. from a “buy” rating to a “hold” rating and set a $88.14 price objective for the company. in a research note on Monday, November 7th. Credit Agricole SA reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. Argus reiterated a “buy” rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a research note on Wednesday, August 17th. HSBC set a $83.50 price objective on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Finally, BNP Paribas set a $80.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “sell” rating in a research note on Tuesday, October 11th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $87.62.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neil A. Chapman sold 16,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now owns 222,299 shares in the company, valued at $19,340,013. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
About Exxon Mobil Corp.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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