Exxon Mobil Co. (XOM) Stake Increased by KAMES CAPITAL plc

KAMES CAPITAL plc boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,308 shares of the oil and gas company’s stock after purchasing an additional 3,052 shares during the period. KAMES CAPITAL plc’s holdings in Exxon Mobil were worth $2,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 0.5% in the second quarter. Rothschild Asset Management Inc. now owns 721,671 shares of the oil and gas company’s stock worth $59,703,000 after buying an additional 3,910 shares during the last quarter. Convergence Investment Partners LLC boosted its holdings in shares of Exxon Mobil by 2.7% in the second quarter. Convergence Investment Partners LLC now owns 35,295 shares of the oil and gas company’s stock worth $2,920,000 after buying an additional 926 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Exxon Mobil by 5.6% in the second quarter. Independence Bank of Kentucky now owns 32,761 shares of the oil and gas company’s stock worth $2,710,000 after buying an additional 1,736 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 28.6% in the second quarter. Anchor Capital Advisors LLC now owns 14,229 shares of the oil and gas company’s stock worth $1,177,000 after buying an additional 3,166 shares during the last quarter. Finally, Cadinha & Co. LLC boosted its holdings in shares of Exxon Mobil by 4.5% in the second quarter. Cadinha & Co. LLC now owns 35,222 shares of the oil and gas company’s stock worth $2,914,000 after buying an additional 1,505 shares during the last quarter. 54.53% of the stock is owned by hedge funds and other institutional investors.

XOM has been the topic of a number of research reports. Argus reissued a “buy” rating on shares of Exxon Mobil in a report on Wednesday, February 6th. Royal Bank of Canada set a $95.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Friday, February 1st. HSBC reissued a “buy” rating and issued a $82.00 price objective on shares of Exxon Mobil in a report on Monday, January 14th. Bank of America set a $105.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Morgan Stanley started coverage on shares of Exxon Mobil in a report on Monday, April 1st. They issued an “equal weight” rating and a $84.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average target price of $84.71.

NYSE:XOM traded down $0.30 during trading hours on Friday, hitting $81.13. 9,493,885 shares of the stock traded hands, compared to its average volume of 9,619,611. The company has a market capitalization of $343.79 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 4.18 earnings per share for the current fiscal year.

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Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Hedge Funds Explained

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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