ExxonMobil Corporation $XOM Stake Decreased by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. cut its stake in ExxonMobil Corporation (NYSE:XOM) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 126,367 shares of the oil and gas company’s stock after selling 8,548 shares during the period. ExxonMobil makes up 3.7% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 5th largest position. Van Den Berg Management I Inc.’s holdings in ExxonMobil were worth $17,277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. boosted its holdings in ExxonMobil by 8.3% in the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after acquiring an additional 37,666 shares during the period. Charles Schwab Trust Co boosted its stake in shares of ExxonMobil by 392.9% in the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after purchasing an additional 97,424 shares during the period. CV Advisors LLC grew its holdings in ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after purchasing an additional 6,478 shares in the last quarter. Midwest Trust Co increased its stake in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after buying an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after buying an additional 38,492 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $156.88 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $150.53 and its two-hundred day moving average price is $151.87. ExxonMobil Corporation has a 52-week low of $108.35 and a 52-week high of $176.41. The stock has a market capitalization of $650.26 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company posted $1.64 earnings per share. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio is presently 53.02%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Tuesday, August 4th. 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. HSBC set a $158.00 price objective on ExxonMobil in a report on Monday, August 3rd. Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and an average target price of $166.10.

Trending Headlines about 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

About ExxonMobil

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.