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Intrinsic Value Partners LLC Has $660,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Defense World · Sep 29, 2022 08:32

Intrinsic Value Partners LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,705 shares of the oil and gas company's stock after selling 982 shares during the period. Exxon Mobil accounts for 0.8% of Intrinsic Value Partners LLC's portfolio, making the stock its 27th largest position. Intrinsic Value Partners LLC's holdings in Exxon Mobil were worth $660,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Investment Advisory Group LLC grew its position in Exxon Mobil by 0.8% during the second quarter. Investment Advisory Group LLC now owns 14,774 shares of the oil and gas company's stock worth $1,263,000 after buying an additional 119 shares in the last quarter. LCM Capital Management Inc grew its position in Exxon Mobil by 1.3% during the first quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company's stock worth $826,000 after buying an additional 124 shares in the last quarter. Range Financial Group LLC grew its position in Exxon Mobil by 4.0% during the second quarter. Range Financial Group LLC now owns 3,196 shares of the oil and gas company's stock worth $274,000 after buying an additional 124 shares in the last quarter. Investors Research Corp grew its position in Exxon Mobil by 1.6% during the first quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company's stock worth $647,000 after buying an additional 125 shares in the last quarter. Finally, Moulton Wealth Management Inc. grew its position in Exxon Mobil by 1.0% during the first quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company's stock worth $1,014,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 56.84% of the company's stock.

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Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Piper Sandler cut their price target on shares of Exxon Mobil from $109.00 to $108.00 and set an "overweight" rating for the company in a research note on Monday, September 12th. Truist Financial cut their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a "hold" rating for the company in a research note on Tuesday, July 19th. HSBC raised their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a "hold" rating in a research note on Wednesday, July 20th. Morgan Stanley raised their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 6th. Finally, Evercore ISI upgraded shares of Exxon Mobil from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $96.69.

Exxon Mobil Price Performance

XOM opened at $88.86 on Thursday. The company has a fifty day moving average price of $92.97 and a two-hundred day moving average price of $89.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a 52 week low of $57.96 and a 52 week high of $105.57. The firm has a market capitalization of $370.34 billion, a PE ratio of 9.72, a P/E/G ratio of 0.28 and a beta of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts' consensus estimates of $3.80 by $0.34. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The business's quarterly revenue was up 70.8% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil's dividend payout ratio (DPR) is 38.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares of the company's stock, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the business's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares of the company's stock, valued at approximately $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.