Campbell Newman Asset Management INC Increased Exxonmobil Corp. (NYSE:XOM) by $7.22 Million as Shares Rose


Campbell Newman Asset Management Inc increased its stake in Exxonmobil Corp. (NYSE:XOM) by 72.08% based on its latest 2016Q2 regulatory filing with the SEC. Campbell Newman Asset Management Inc bought 86,984 shares as the company’s stock rose 7.91% with the market. The institutional investor held 207,658 shares of the integrated oil company at the end of 2016Q2, valued at $17.36M, up from 120,674 at the end of the previous reported quarter. Campbell Newman Asset Management Inc who had been investing in Exxonmobil Corp. for a number of months, seems to be bullish on the $355.75 billion market cap company. The stock is down 2.22% or $1.94 hitting $85.35, despite the positive news. About 6.10M shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has risen 7.55% since February 8, 2016 and is uptrending. It has underperformed by 8.94% the S&P500.

Campbell Newman Asset Management Inc, which manages about $443.30M and $479.42 million US Long portfolio, decreased its stake in Schlumberger Ltd. (NYSE:SLB) by 113,782 shares to 8,037 shares, valued at $593,000 in 2016Q2, according to the filing.

Campbell Newman Asset Management Inc is a Wisconsin-based institutional investor with more than $443.30 million AUM in March, 2014. Taken from Campbell Newman Asset Management latest Adv, the fund reported to have 6 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 400 clients.

The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.22, from 1.13 in 2016Q1. The ratio fall, as 64 funds sold all XOM shares owned while 811 reduced positions. 93 funds bought stakes while 702 increased positions. They now own 2.05 billion shares or 3.72% less from 2.13 billion shares in 2016Q1.

Webster Bank N. A. holds 16.19% of its portfolio in XOM for 1.18 million shares. Cadence Bank Na owns 325,144 shares or 15% of their US portfolio. Moreover, Ruffer Llp has 14.99% invested in the company for 3.53 million shares. The Massachusetts-based Srb Corp has invested 13.27% in the stock. Wade G W & Inc, a Massachusetts-based fund reported 825,023 shares.

Out of 14 analysts covering Exxon Mobil (NYSE:XOM), 4 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 29% are positive. Exxon Mobil has been the topic of 22 analyst reports since September 23, 2015 according to StockzIntelligence Inc. UBS maintained the stock on May 2 with “Neutral” rating.

Exxon Mobil Corporation is an energy company. The company has a market cap of $355.75 billion. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. It has a 33.91 P/E ratio. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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