Argus Investors Counsel Inc., a prominent institutional investor, has announced an increase in its stake in Exxon Mobil Co. (NYSE:XOM) during the second quarter of this year. According to the company’s recent filing with the Securities and Exchange Commission (SEC), it purchased an additional 1,100 shares, representing a 5.8% increase in its holdings. As a result, Argus Investors Counsel Inc. now owns 20,050 shares of Exxon Mobil stock.
Exxon Mobil accounts for approximately 1.5% of Argus Investors Counsel Inc.’s portfolio and holds the rank of the company’s 16th largest position. The total value of Argus Investors Counsel Inc.’s holdings in Exxon Mobil amounts to $2,150,000 as per their most recent filing with the SEC.
Exxon Mobil recently released its quarterly earnings report on July 28th, which revealed some interesting insights into the financial performance of the oil and gas company. The report indicated that for the quarter, Exxon Mobil reported earnings per share (EPS) of $1.94, falling short of analysts’ consensus estimate by $0.06.
Furthermore, while Exxon Mobil demonstrated a return on equity of 25.82% and a net margin of 13.72%, its revenue for the quarter amounted to $82.91 billion – surpassing analyst estimates of approximately $81.80 billion. However, it is important to note that there was a significant decline in revenue compared to the same period last year, experiencing a decrease of 28.3% year-over-year.
The disparity between actual earnings per share and analyst predictions can significantly impact investors’ confidence in a company’s future prospects and performance outlooks.
Equities research analysts currently anticipate that Exxon Mobil Co.’s EPS for this fiscal year will be approximately 9.26 based on all available data.
These updates provide an interesting perspective on how major players in the investment landscape, such as Argus Investors Counsel Inc., are positioning themselves within the oil and gas industry. As with any investment decision, it is crucial to consider various factors that may influence the financial performance of a company. These factors may include industry trends, economic conditions, and geopolitical developments.
The information presented here serves as an important reference for investors and analysts alike to make informed decisions based on the latest filings and earnings reports available. By keeping a close eye on institutional investors’ activities and quarterly results, one can gain valuable insights into the potential opportunities and risk factors associated with specific stocks like Exxon Mobil Co.
Institutional Investors Show Interest in Exxon Mobil (XOM) as Analysts Provide Mixed Ratings and Targets
Exxon Mobil (XOM) has caught the attention of several institutional investors in recent months, as they bought and sold shares of the oil and gas company. Notable among them are Your Advocates Ltd. LLP, Murphy Middleton Hinkle & Parker Inc., Revolve Wealth Partners LLC, Rosenberg Matthew Hamilton, and Darwin Wealth Management LLC.
Your Advocates Ltd. LLP increased its stake in Exxon Mobil by 0.7% during the first quarter, now owning 12,178 shares valued at $1,335,000. Similarly, Murphy Middleton Hinkle & Parker Inc. raised its stake by 0.8% and now owns 11,282 shares worth $1,237,000. Revolve Wealth Partners LLC increased its stake by 1.4%, elevating its ownership to 6,555 shares worth $719,000.
Rosenberg Matthew Hamilton also expressed confidence in Exxon Mobil by increasing its stake by 1.2%, bringing their total shares to 8,259 valued at $906,000. Lastly, Darwin Wealth Management LLC raised its stake by a significant 2.3%, owning 4,283 shares valued at $491,000.
These institutional investors collectively own approximately 58.53% of Exxon Mobil’s stock according to recent data.
In terms of analyst reports regarding XOM stock performance and future prospects, Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating on July 7th citing valuation considerations.
However, Redburn Partners upgraded their rating from “sell” to “neutral” and also increased their price target for the company from $100 to $105 on August 31st.
HSBC raised their price target from $110 to $116 on August 9th and Wells Fargo & Company followed suit with an updated price target from $127 to $130 on September 22nd while maintaining an “overweight” rating.
Bank of America was the most optimistic, increasing their price target from $145 to $150 on September 27th.
In total, eleven analysts have issued a hold rating on the stock, while another eleven have given it a buy rating. As per Bloomberg.com data, the consensus rating for Exxon Mobil stands at “Moderate Buy” with a consensus price target of $124.48.
Apart from these developments, notable insider activity within the company included VP Darrin L. Talley selling 1,500 shares worth approximately $172,500 on September 5th. Meanwhile, Director Jeffrey W. Ubben acquired 458,000 shares valued at around $48,973,940 on July 31st.
Shares of XOM stock opened at $111.50 on October 5th. The company has a debt-to-equity ratio of 0.18 and displays favorable liquidity ratios such as a quick ratio of 1.09 and current ratio of 1.48. With a market capitalization of $446.36 billion and a P/E ratio of 8.92, Exxon Mobil offers an attractive investment opportunity.
The stock’s price-to-earnings-growth ratio is also promising at 0.48 and it has exhibited a beta value of 1.05 in line with broader market movements.
Exxon Mobil has maintained stability with its share performance in recent times with a 50-day moving average price of $111.93 and a less significant fluctuation in its 200-day moving average price at around $109.28.
Despite uncertainties in the industry and economic conditions that influence stock prices and investor sentiment overall, Exxon Mobil remains an appealing option for investors due to its reliable track record and potential for growth.
Throughout the year leading up to October 5th, XOM’s stock saw fluctuations between its fifty-two week low of $95.66 and its high of $120.70, indicating a decent trading range within the market.
Disclosure filings with the Securities & Exchange Commission provided access to these important developments and allowed investors to gauge insider sentiment regarding the company’s stock activity.
Ultimately, as institutional investors continue to maneuver their positions in Exxon Mobil and analysts present varying opinions on the stock’s performance, individual investors should assess their risk tolerance and investment objectives before considering involvement in XOM.