Van Den Berg Management I Inc. Sells 8,548 Shares of ExxonMobil Corporation $XOM

Van Den Berg Management I Inc. lowered its position in ExxonMobil Corporation (NYSE:XOM) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,367 shares of the oil and gas company’s stock after selling 8,548 shares during the quarter. ExxonMobil accounts for approximately 3.7% of Van Den Berg Management I Inc.’s holdings, making the stock its 5th biggest holding. Van Den Berg Management I Inc.’s holdings in ExxonMobil were worth $17,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Bluefin Capital Management LLC acquired a new stake in ExxonMobil in the 2nd quarter valued at about $287,000. Greenwood Capital Associates LLC raised its position in ExxonMobil by 10.9% during the second quarter. Greenwood Capital Associates LLC now owns 59,481 shares of the oil and gas company’s stock worth $8,132,000 after acquiring an additional 5,856 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of ExxonMobil by 0.4% in the second quarter. Greenleaf Trust now owns 109,525 shares of the oil and gas company’s stock valued at $14,974,000 after purchasing an additional 427 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of ExxonMobil by 5.2% in the second quarter. New Mexico Educational Retirement Board now owns 207,853 shares of the oil and gas company’s stock valued at $28,418,000 after purchasing an additional 10,200 shares in the last quarter. Finally, Manchester Financial Inc. grew its position in shares of ExxonMobil by 2.2% in the second quarter. Manchester Financial Inc. now owns 7,482 shares of the oil and gas company’s stock valued at $1,023,000 after purchasing an additional 160 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XOM. TD Cowen raised their price objective on shares of ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. HSBC set a $158.00 price target on ExxonMobil in a research report on Monday, August 3rd. Wells Fargo & Company reissued an “overweight” rating and issued a $182.00 price target on shares of ExxonMobil in a report on Monday, August 3rd. Finally, DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Hold” and an average price target of $166.10.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $156.88 on Friday. The company has a 50-day simple moving average of $150.53 and a 200-day simple moving average of $151.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market cap of $650.26 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $108.35 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The firm had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the previous year, the company posted $1.64 EPS. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio is currently 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.