Kercheville Advisors LLC Decreases Holdings in Exxon Mobil Corporation $XOM

Key Points

• Kercheville Advisors LLC reduced its holdings in Exxon Mobil by 6.8%, owning 59,243 shares worth $6,386,000, now making it their 18th largest holding.
• Exxon Mobil's recent earnings report showed a net margin of 9.17% and earnings per share of $1.64, exceeding analysts' expectations by $0.17.
• The company announced a quarterly dividend of $0.99, with an annualized dividend yield of 3.5% and a payout ratio of 56.25%.

Kercheville Advisors LLC trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,243 shares of the oil and gas company's stock after selling 4,343 shares during the period. Exxon Mobil accounts for about 2.2% of Kercheville Advisors LLC's holdings, making the stock its 18th largest holding. Kercheville Advisors LLC's holdings in Exxon Mobil were worth $6,386,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XOM. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

XOM opened at $114.19 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock's 50 day simple moving average is $111.23 and its 200 day simple moving average is $109.50. The stock has a market cap of $486.82 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOM shares. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Finally, Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $124.75.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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