Little House Capital Sells 474 Shares of Exxon Mobil in Q2

Little House Capital LLC has reduced its stake in Exxon Mobil Corporation (NYSE: XOM) by approximately 10.3% in the second quarter of 2023. According to its latest 13F filing with the Securities and Exchange Commission, the firm sold 474 shares, leaving it with a total of 4,134 shares valued at around $446,000 at the end of the quarter.

This move reflects a broader trend among institutional investors, as several large funds have recently adjusted their positions in Exxon Mobil. Notably, Nuveen LLC acquired a new stake worth approximately $2.73 billion in the first quarter. Meanwhile, GQG Partners LLC significantly increased its holdings by an astounding 15,135.7%, bringing its total to 10,071,077 shares, valued at $1.2 billion.

In addition, GAMMA Investing LLC expanded its position by 14,242.7%, now owning 9,457,554 shares worth about $1.12 billion. Ameriprise Financial Inc. grew its stake by 10.8%, reaching 27,017,683 shares, valued at $3.21 billion, while Amundi increased its holdings by 9.7% to 26,386,120 shares worth approximately $2.97 billion. Overall, institutional investors currently hold 61.80% of Exxon Mobil’s stock.

Exxon Mobil’s Current Performance and Dividend Announcement

As of the latest trading session, Exxon Mobil’s stock opened at $112.39. The company has seen a one-year low of $97.80 and a high of $126.34. Its fifty-day moving average stands at $110.58, while the 200-day moving average is $109.15. Exxon Mobil has a market capitalization of $479.15 billion, a price-to-earnings (P/E) ratio of 15.96, and a beta of 0.57.

In a recent announcement, Exxon Mobil declared a quarterly dividend of $0.99, which was paid on September 10, 2023, to shareholders who were on record as of August 15, 2023. This dividend represents an annualized payout of $3.96 and a yield of 3.5%. The company’s payout ratio currently stands at 56.25%.

Insider Trading and Analyst Ratings

In other developments, Vice President Darrin L. Talley sold 2,158 shares of Exxon Mobil stock on August 22, 2023, at an average price of $110.45, totalling $238,351.10. Following this sale, Talley’s remaining shares in the company are valued at approximately $1.53 million, marking a 13.50% decrease in his ownership.

Analysts have also been actively assessing Exxon Mobil’s stock. Melius Research recently initiated coverage with a “hold” rating and a price target of $111.00. Meanwhile, Piper Sandler raised its price objective from $134.00 to $145.00, giving it an “overweight” rating. Wells Fargo set a price target of $127.00 with an “overweight” rating as well.

Overall, analysts have assigned Exxon Mobil an average rating of “Hold” with a price target of $124.76, with one analyst rating it as a Strong Buy, eight as Buy, eleven as Hold, and one as Sell.

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas, operating in various segments including Upstream, Energy Products, Chemical Products, and Specialty Products. As the global energy market continues to evolve, Exxon Mobil remains a significant player in the industry.