Van Den Berg Management I Inc. Trims Stake in ExxonMobil Corporation $XOM

Van Den Berg Management I Inc. cut its position in shares of ExxonMobil Corporation (NYSE:XOM) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,017 shares of the oil and gas company’s stock after selling 6,281 shares during the quarter. ExxonMobil makes up about 3.9% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 6th largest position. Van Den Berg Management I Inc.’s holdings in ExxonMobil were worth $16,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of XOM. Eagle Capital Management LLC grew its position in ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP bought a new position in ExxonMobil during the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC grew its position in ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the last quarter. United Bank grew its position in ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Trading Up 0.5%

NYSE XOM opened at $141.64 on Wednesday. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a 50 day simple moving average of $151.31 and a two-hundred day simple moving average of $142.92. The stock has a market cap of $587.08 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter last year, the business posted $1.76 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that ExxonMobil Corporation will post 11.8 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.9%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil to Buy from Neutral and set a $154 price target, signaling confidence that the stock is undervalued after its recent pullback. Exxon raised to Buy at BofA as undervalued after recent pullback
• Positive Sentiment: ExxonMobil signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its gas business and adding another potential long-term growth outlet. Exxon Mobil signs deal to supply South Africa’s first planned LNG terminal
• Positive Sentiment: Exxon is moving ahead with a proposed 35-well exploration campaign in Guyana’s Stabroek block, which could support future reserve growth and production expansion. Exxon applies for additional 35-well exploration campaign in Guyana’s Stabroek block
• Neutral Sentiment: Brokerage coverage remains broadly favorable, with consensus sentiment around “Moderate Buy”, suggesting Wall Street still sees upside but not an aggressive near-term catalyst. ExxonMobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Brokerages
• Negative Sentiment: Oil prices have fallen back below $80, which could pressure ExxonMobil’s near-term earnings and free cash flow if the weaker crude environment persists. Oil Prices Fall Below $80. Why That Could Make Exxon a Buy.
• Negative Sentiment: Broader energy-sector weakness and lower crude prices are weighing on the group, which can cap upside for upstream names like Exxon even when company-specific news is positive. Sector Update: Energy Stocks Decline Pre-Bell Tuesday

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on XOM. Jefferies Financial Group raised their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Scotiabank raised their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Barclays raised their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.70.

ExxonMobil 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.