Intrinsic Value Partners LLC Decreases Holdings in Exxon Mobil Corporation $XOM

Intrinsic Value Partners LLC reduced its stake in Exxon Mobil Corporation (NYSE:XOM) by 13.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,476 shares of the oil and gas company’s stock after selling 388 shares during the quarter. Intrinsic Value Partners LLC’s holdings in Exxon Mobil were worth $267,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.18 on Tuesday. The firm has a market capitalization of $486.78 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a fifty day moving average of $111.21 and a 200 day moving average of $109.47. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter last year, the firm posted $2.14 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Saturday, September 27th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Bank of America raised their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.