ExxonMobil Corporation $XOM is Van Den Berg Management I Inc.’s 6th Largest Position

Van Den Berg Management I Inc. lessened its position in ExxonMobil Corporation (NYSE:XOM) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 141,017 shares of the oil and gas company’s stock after selling 6,281 shares during the quarter. ExxonMobil accounts for approximately 3.9% of Van Den Berg Management I Inc.’s holdings, making the stock its 6th biggest holding. Van Den Berg Management I Inc.’s holdings in ExxonMobil were worth $16,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp lifted its stake in shares of ExxonMobil by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the period. Northern Trust Corp lifted its stake in shares of ExxonMobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Franklin Resources Inc. lifted its stake in shares of ExxonMobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ExxonMobil by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock valued at $4,102,708,000 after purchasing an additional 293,446 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Wells Fargo & Company raised their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Sanford C. Bernstein lowered their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Jefferies Financial Group lifted their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Barclays lifted their price objective on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.70.

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

ExxonMobil Stock Up 0.5%

Shares of NYSE:XOM opened at $141.64 on Wednesday. The stock has a fifty day simple moving average of $151.31 and a two-hundred day simple moving average of $142.92. The stock has a market capitalization of $587.08 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

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

ExxonMobil Announces Dividend

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

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.