Trade Report: The Capital One National Association Cuts Stake in Exxon Mobil Corp. (XOM)

The Capital One National Association Cuts Stake in Exxon Mobil Corp. (XOM)

Capital One National Association cut its stake in Exxon Mobil Corp. (NYSE:XOM) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 344,882 shares of the company’s stock after selling 3,037 shares during the period. Exxon Mobil Corp. comprises about 2.7% of Capital One National Association’s holdings, making the stock its 4th largest position. Capital One National Association’s holdings in Exxon Mobil Corp. were worth $32,329,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC boosted its stake in Exxon Mobil Corp. by 3.5% in the second quarter. Kessler Investment Group LLC now owns 31,123 shares of the company’s stock valued at $2,917,000 after buying an additional 1,062 shares during the last quarter. Albert D Mason Inc. bought a new stake in shares of Exxon Mobil Corp. during the second quarter valued at about $224,000. Telemus Capital LLC boosted its stake in shares of Exxon Mobil Corp. by 140.4% in the second quarter. Telemus Capital LLC now owns 25,623 shares of the company’s stock valued at $2,402,000 after buying an additional 14,964 shares in the last quarter. Charter Trust Co. boosted its stake in shares of Exxon Mobil Corp. by 2.3% in the second quarter. Charter Trust Co. now owns 327,434 shares of the company’s stock valued at $30,693,000 after buying an additional 7,425 shares in the last quarter. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Exxon Mobil Corp. by 0.4% in the second quarter. St. Johns Investment Management Company LLC now owns 23,612 shares of the company’s stock valued at $2,213,000 after buying an additional 92 shares in the last quarter. 50.42% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Corp. (NYSE:XOM) traded down 0.02% during mid-day trading on Friday, reaching $86.54. 7,991,654 shares of the company traded hands. The firm has a market cap of $358.85 billion, a PE ratio of 34.37 and a beta of 0.83. The stock’s 50-day moving average price is $86.20 and its 200-day moving average price is $88.37. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55.

Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Analysts forecast that Exxon Mobil Corp. will post $2.28 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Credit Suisse Group AG set a $74.00 price objective on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Friday. HSBC set a $88.50 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. BNP Paribas set a $80.00 price objective on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Tuesday. Finally, Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price objective for the company in a research note on Monday, June 27th. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.77.

In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 213,256 shares of the company’s stock, valued at approximately $18,751,600.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

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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