Intercontinental Wealth Advisors LLC Has $524,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

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Intercontinental Wealth Advisors LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,842 shares of the oil and gas company’s stock after selling 332 shares during the quarter. Intercontinental Wealth Advisors LLC’s holdings in Exxon Mobil were worth $524,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sigma Investment Counselors Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after buying an additional 142 shares during the period. Riverstone Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.5% during the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after buying an additional 142 shares during the period. Alpha Windward LLC boosted its holdings in shares of Exxon Mobil by 3.1% during the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after buying an additional 144 shares during the period. Saratoga Research & Investment Management boosted its holdings in shares of Exxon Mobil by 4.1% during the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after buying an additional 145 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 53,396 shares of the oil and gas company’s stock worth $4,092,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Several analysts recently issued reports on XOM shares. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Barclays started coverage on shares of Exxon Mobil in a report on Monday. They set an “equal weight” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. set a $83.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Sunday, August 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $81.83.

In other news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Shares of Exxon Mobil stock opened at $68.97 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a fifty-two week low of $64.65 and a fifty-two week high of $87.36. The firm has a fifty day moving average price of $73.32 and a two-hundred day moving average price of $76.70. The company has a market cap of $292.07 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Analysts expect that Exxon Mobil Co. will post 3.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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