The purpose of the repurchase of shares by ExxonMobil (NYSE:XOM) has UBS (NYSE:UBS) concerned, as it's not to the end they hoped for after the highly dilutive acquisition of natural gas producer XTO.
"XOM repurchased $3 billion in shares in 3Q, and is increasing the pace to $5 billion in 4Q. However, XOM does not seem to intend to accelerate repurchases to retire the shares issued for the dilutive XTO acquisition; rather, the buyback will remain the “flywheel” to regulate excess cash. We are slightly revising ’10/ ‘11 EPS estimates from $5.77/$5.76 to $5.83/$5.96 primarily on the increased pace of the buyback and higher int’l R&M performance," said UBS.
Exxon closed Friday at $66.49, gaining $0.27, or 0.41 percent. UBS raised their price target on the energy giant from $63 to $65.
Showing posts with label Exxon Mobil Shares. Show all posts
Showing posts with label Exxon Mobil Shares. Show all posts
Monday, November 1, 2010
Thursday, September 9, 2010
Exxon (NYSE:XOM) Starting to Grab Attention of Bargain Hunters
The recession and BP (NYSE:BP) oil spill put oil companies out of favor, but even with the price of oil rebounding strongly from about $40 a barrel in March 2009, to $74 recently, shares of ExxonMobil (NYSE:XOM) have languished.
Exxon has positioned itself strongly for long-term growth and diversification with its acquisition of giant natural gas producer XTO Energy, but the question is if Exxon and others will be able to move in the short term.
Gas and oil prices appear to be under downward pressure again, as concerns over the recession and a slowing economy have consumers continuing to hold back on spending.
Natural gas is so abundant that it'll probably be years before we see prices move up.
But Exxon could go the lower costs route, creating some margins there based on scale alone.
Stability, growth, a decent dividend, and an assured market make Exxon a bargain at this time. It's a play for those will a longer term outlook on investing though, as short term there is still a lot of volatility in the gas and oil sector.
Exxon has positioned itself strongly for long-term growth and diversification with its acquisition of giant natural gas producer XTO Energy, but the question is if Exxon and others will be able to move in the short term.
Gas and oil prices appear to be under downward pressure again, as concerns over the recession and a slowing economy have consumers continuing to hold back on spending.
Natural gas is so abundant that it'll probably be years before we see prices move up.
But Exxon could go the lower costs route, creating some margins there based on scale alone.
Stability, growth, a decent dividend, and an assured market make Exxon a bargain at this time. It's a play for those will a longer term outlook on investing though, as short term there is still a lot of volatility in the gas and oil sector.
Tuesday, August 17, 2010
John Paulson Acquires 9.2 Million Exxon (NYSE:XOM) Shares in 2nd Quarter
John Paulson, who runs the Paulson & Co hedge fund, acquired 9.2 million shares of Exxon Mobil (NYSE:XOM) in the 2nd quarter, a new position for the fund.
After being extremely bullish for some time concerning the U.S. economy, Paulson told his investors at the end of the latest quarter the he is modestly less bullish than he has been in the recent past. Still, he believes it's going to rebound.
But continuing to hold strong positions in gold miners, and now investing big in Exxon Mobil, confirms he is definitely not as positive as he has been, and in fact could be expecting a slowdown in the U.S. economy, which is in reality already here, if it ever left in the first place.
Oil investments helped a number of investors and companies do far better than they otherwise would have during the harsher parts of the recession, and buying large stakes like Paulson has in the sector, shows he has real concerns going forward.
Even so, other actions like adding to his holdings in Beazer Homes USA (NYSE:BZH) seems to be schizophrenic with the Exxon strategy, so we'll see how that plays out for him in a week home market.
Paulson also added 1 million shares of Goldman Sachs to the portfolio in the second quarter (NYSE:GS).
After being extremely bullish for some time concerning the U.S. economy, Paulson told his investors at the end of the latest quarter the he is modestly less bullish than he has been in the recent past. Still, he believes it's going to rebound.
But continuing to hold strong positions in gold miners, and now investing big in Exxon Mobil, confirms he is definitely not as positive as he has been, and in fact could be expecting a slowdown in the U.S. economy, which is in reality already here, if it ever left in the first place.
Oil investments helped a number of investors and companies do far better than they otherwise would have during the harsher parts of the recession, and buying large stakes like Paulson has in the sector, shows he has real concerns going forward.
Even so, other actions like adding to his holdings in Beazer Homes USA (NYSE:BZH) seems to be schizophrenic with the Exxon strategy, so we'll see how that plays out for him in a week home market.
Paulson also added 1 million shares of Goldman Sachs to the portfolio in the second quarter (NYSE:GS).
Monday, June 28, 2010
Goldman Sachs (NYSE:GS) Lowers EPS for EXxonMobil (NYSE:XOM)
Citing their recent acquisition of XTO Energy (NYSE:XTO), Goldman Sachs (NYSE:GS) has lowered their earnings per share estimates for EXxonMobil (NYSE:XOM) through 2012.
The reasoning is the extensive dilution of earnings the company should experience as a result of buying XTO.
Goldman maintains a "Neutral" rating on ExxonMobil, along with a $65 price target.
The reasoning is the extensive dilution of earnings the company should experience as a result of buying XTO.
Goldman maintains a "Neutral" rating on ExxonMobil, along with a $65 price target.
Monday, June 7, 2010
Futures Trading, Stock Prices: Exxon Mobil (NYSE:XOM), BP (NYSE:BP)
BP (NYSE:BP) shares rose 2.8 percent, as well as Exxon Mobil's (NYSE:XOM) shares rising 0.37 percent. This stock price increase is believed to be because of BP's success in their recent fuel oil containment attempt. BP says that the cap that was put onto the leaking pipe, continues to capture the spewing oil and they're expecting to increase the amount collected as the week progresses. In energy trading, oil futures were down to $71.46 a barrel, a 5 cent loss.
As of 10:08 AM in New York trading, the Standard & Poors 500 index saw an increase of 0.4 percent to 1,068.68. This was after a drop in futures trading declined as much as 1.3 percent before the opening of the U.S. stock exchange. This was after S&P 500 saw a 3.4 percent drop on June 4th. The Dow Jones Industrial Average futures saw an increase of 13 points, to 9959.00. The Nasdaq 100 futures rose to 1839.50, seeing an increase of 5.25 points.
Stanley Nabi, Vice Chairman of the New York based Silvercrest Asset Management group, in charge of managing $9 billion said, "I still see a choppy stock market of small gains and losses. We see some buying today after all, how much can you keep on beating the market ? Investors just need to have more conviction. But that's probably not going to happen until we see strong second quarter earnings."
As of 10:08 AM in New York trading, the Standard & Poors 500 index saw an increase of 0.4 percent to 1,068.68. This was after a drop in futures trading declined as much as 1.3 percent before the opening of the U.S. stock exchange. This was after S&P 500 saw a 3.4 percent drop on June 4th. The Dow Jones Industrial Average futures saw an increase of 13 points, to 9959.00. The Nasdaq 100 futures rose to 1839.50, seeing an increase of 5.25 points.
Stanley Nabi, Vice Chairman of the New York based Silvercrest Asset Management group, in charge of managing $9 billion said, "I still see a choppy stock market of small gains and losses. We see some buying today after all, how much can you keep on beating the market ? Investors just need to have more conviction. But that's probably not going to happen until we see strong second quarter earnings."
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