Camelot Portfolios LLC Sells 3,887 Shares of Exxon Mobil Co. (NYSE:XOM)

Camelot Portfolios LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,264 shares of the oil and gas company’s stock after selling 3,887 shares during the quarter. Camelot Portfolios LLC’s holdings in Exxon Mobil were worth $809,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Axiom Financial Strategies LLC raised its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in shares of Exxon Mobil during the first quarter worth $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares during the last quarter. Ergoteles LLC raised its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $237,000. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $113.15 on Monday. Exxon Mobil Co. has a one year low of $69.81 and a one year high of $114.66. The firm has a market cap of $465.98 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The stock’s 50-day moving average is $109.55 and its 200-day moving average is $99.89.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business had revenue of $112.07 billion for the quarter, compared to analyst estimates of $102.96 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Exxon Mobil’s revenue was up 51.9% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 13.87 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is presently 29.71%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Mizuho raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $140.00 in a research note on Tuesday, January 10th. Credit Suisse Group lifted their price objective on Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Jefferies Financial Group raised Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $133.00 in a research note on Wednesday, October 19th. Finally, StockNews.com initiated coverage on Exxon Mobil in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $113.41.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the sale, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.