KAMES CAPITAL plc Sells 4,036 Shares of Exxon Mobil Corporation (XOM)
KAMES CAPITAL plc cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,224 shares of the oil and gas company’s stock after selling 4,036 shares during the period. KAMES CAPITAL plc’s holdings in Exxon Mobil Corporation were worth $2,724,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Empirical Finance LLC bought a new stake in Exxon Mobil Corporation during the fourth quarter valued at approximately $172,000. Cordasco Financial Network increased its stake in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 15 shares during the last quarter. Finally, Colorado Capital Management Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at approximately $235,000. 50.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (XOM) traded up 0.50% during mid-day trading on Friday, reaching $76.64. 14,324,342 shares of the company traded hands. The stock’s 50-day moving average is $79.94 and its 200-day moving average is $81.47. The company has a market capitalization of $324.73 billion, a P/E ratio of 27.63 and a beta of 0.81. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. During the same quarter last year, the business posted $0.41 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.02%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
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XOM has been the subject of several research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Bank of America Corporation upgraded shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Scotiabank upgraded shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $86.00 in a research note on Monday, June 5th. Vetr downgraded shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price objective for the company. in a research note on Tuesday, June 6th. Finally, Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average target price of $84.94.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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