Does Warren Buffett own Exxon stock?
Warren Buffett dumped the last of Berkshire's 41 million shares – worth about $3.7 billion at the time – in Exxon Mobil (XOM, $76.80) at the end of 2014.
Top stock holdings in Buffett's portfolio
Bank of America (BAC) – $32.2 billion. Coca-Cola – $25.2 billion. Chevron (CVX) – $23.7 billion. American Express (AXP) – $21.0 billion.
XOM stock has a perfect Composite Rating of 99. XOM's EPS Rating is a low 78, but that partly reflects a loss in 2020. Improving earnings performance gives added credibility to a bullish outlook on Exxon Mobil stock. And analysts had expected the price of a barrel of oil to skyrocket to as high as $200.
Warren Buffett is buying oil and gas stocks. According to Berkshire Hathaway's latest 13F filing, he recently purchased approximately $26B of Chevron (NYSE:CVX) shares and $13B of Occidental Petroleum (NYSE:OXY) shares. As of the end of March, Berkshire owns about 24% of the outstanding shares of OXY and 8% of CVX.
Buffett turns his back on ExxonMobil
Berkshire's decision to shed its $3.74 billion (3.29 billion euros) investment in Exxon Mobil was unexpected, since it had only recently acquired the stake in 2013.
The portfolio's five largest positions are Apple Inc. (AAPL), Bank of America Corp (BAC), American Express Company (AXP), Chevron, and The Coca-Cola Company (KO). Apple is Berkshire's largest holding, accounting for nearly 41% of its stocks portfolio. The top 5 holdings account for nearly 70% of the portfolio.
Warren Buffett recently bought Celanese Corporation (CE), McKesson Corporation (MCK), and HP Inc. (HPQ).
- What stocks does Bill Gates invest in? Here's a look at his portfolio. ...
- Microsoft Corp. ( MSFT) ...
- Berkshire Hathaway Inc. ( BRK.A, BRK.B) ...
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- Canadian National Railway Co. ( CNI) ...
- Deere & Co. ( DE) ...
- Republic Services Inc. ( RSG) ...
- Ecolab Inc. ( ECL)
Exxon Mobil Corp (NYSE:XOM)
The 23 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 108.00, with a high estimate of 134.00 and a low estimate of 89.00. The median estimate represents a +10.20% increase from the last price of 98.00.
What is the best oil stock to purchase?
...
7 Best Oil Stocks to Buy for Exposure to Crude Prices
- Schlumberger Ltd. (ticker: SLB)
- Hess Corp. (HES)
- Halliburton Co. (HAL)
- Baker Hughes Co. (BKR)
- Marathon Petroleum Corp. (MPC)
- Chevron Corp. (CVX)
- APA Corp. (APA)
ExxonMobil's dividend payments to shareholders have grown at an average annual rate of 6.0% over the last 39 years.
July 13 (Reuters) - Berkshire Hathaway Inc (BRKa. N), run by billionaire Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp (OXY. N), giving it a 19.2% stake in the oil company.
Warren Buffett's Berkshire Hathaway now controls nearly 20% of Occidental Petroleum's stock after picking up another $250 million worth of shares of the oil producer this week.
Buffett's company received FERC approval to buy up to 50 percent of Occidental Petroleum's stock.
Exxon's shares are not overvalued when compared to the market as a whole, especially tech stocks.
Berkshire seems headed toward a 20% stake in Occidental that would allow it to include a proportionate share of the energy company's earnings in its financial results rather than just dividends received. That could boost Berkshire's earnings by about $2 billion annually.
In Q2 2021, Berkshire Hathaway did not make any changes to its stake in Johnson & Johnson (NYSE:JNJ) and owns 327,100 shares in the company, worth $53.8 million.
Exxon Mobil Corp. and Chevron Corp. posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
Exxon Mobil has the highest market capitalization of any oil and gas producer worldwide. As of April 14, 2022, the United States-based company had a market cap of 366.83 billion U.S. dollars.
How many barrels of oil does Exxon produce a day?
ExxonMobil - 5.3 million barrels per day.
Warren Buffett's Stock Portfolio
If you were to copy his basic structure, you'd buy 5 great, long-term stocks and get about half your money into them and after that, you'd add additional stocks to the portfolio by buying much smaller positions and then adding to those positions if the price dropped.
Apple (APPL)
Accounting for 38.9% of the Berkshire portfolio, Apple is Buffett's biggest holding by a mile.
So who is John Freund? For someone that's Warren Buffett's broker, he's got a pretty low online presence -- spare video interviews on being: Buffett's broker. (When asked how he managed to become the broker to the legendary Buffett, Freund answers humbly: "By luck.")
| Stock | Number of Shares Owned | Value of Stake |
|---|---|---|
| Apple (NASDAQ:AAPL) | 907,559,761 | $161.2 billion |
| Bank of America (NYSE:BAC) | 1,032,852,006 | $44.9 billion |
| American Express (NYSE:AXP) | 151,610,700 | $29.2 billion |
| Coca-Cola (NYSE:KO) | 400,000,000 | $24.8 billion |
Berkshire Hathaway only owns 2% of Snowflake's shares outstanding. It's important to note, too, that Apple shares are down nearly 16% this year, or worse than the S&P 500.
| Name | Market Cap | Closing Price |
|---|---|---|
| Jaiprakash Power Ventures Ltd | Rs 5,240 Cr | Rs 7.65 |
| South Indian Bank Ltd | Rs 1,720 Cr | Rs 8.15 |
| Shree Global Tradefin Ltd | Rs 901 Cr | Rs 7.08 |
| Syncom Formulations (India) Ltd | Rs 854 Cr | Rs 9.09 |
| Stock | Price | Market Cap |
|---|---|---|
| Mueller Industries Inc. (MLI) | $67.58 | $3.831 billion |
| First BanCorp (FBP) | $15.11 | $2.84 billion |
| Herc Holdings Inc. (HRI) | $118.10 | $3.533 billion |
| Devon Energy Corp. (DVN) | $70.88 | $46.473 billion |
Zuckerberg's largest investment by far is his position in Meta Platforms. He owns about 400 million shares of Meta, which comprise the bulk of his $80 billion net worth. Three of Zuckerberg's best investing decisions were made through Meta -- Instagram, WhatsApp, and Oculus.
In August 1987, Schultz bought Starbucks for $3.8 million. He served as CEO from 1987 to 2000, stepped down briefly and then returned to take the helm in 2008. Today, thanks in part to Gates Sr., there are more than 25,000 Starbucks locations that employ more than 300,000 people.
When did Exxon Mobil stock split?
The first split for XOM took place on July 26, 1976. This was a 2 for 1 split, meaning for each share of XOM owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. XOM's second split took place on June 12, 1981.
| High | $43.00 |
|---|---|
| Median | $32.00 |
| Low | $24.00 |
| Average | $32.18 |
| Current Price | $24.46 |
Chevron Technical Analysis
Chevron stock has formed a 182.50 buy point in a cup base. The stock jumped over 13% the week of July 29 as shares retook the 50-day moving average and are well on their way to the buy point.
A crude but effective metric
So if the supply side favors the bulls and the demand side favors the bears, should investors buy oil stocks now? The answer is yes, a moderate allocation is fine because reasonably valued businesses have all-season appeal.
Is oil a good stock investment? Oil stocks are a good investment in the near term due to elevated demand and uncertain macroeconomic factors.
On the surface, it looks like a golden age for oil companies. Oil is up over 60% in the second quarter against one year ago. Oil company profits are through the roof, expected to increase 142% this year alone.
Chevron's dividend growth, in fact, has been much stronger than ExxonMobil's in recent years, which speaks volumes about the company's financial fortitude. That's just one of the reasons why I'd pick Chevron over ExxonMobil.
Luckily for Exxon, oil prices kept rising, gaining more than 50% in 2021. The company also cut costs in several areas, and reduced its expectations for capital spending through 2027. The result is that Exxon was able to raise its dividend last year, keeping it on the list of Dividend Aristocrats.
In summary, Chevron has consistently higher cash flow margin and due to its currently at par with that of XOM level of capital expenditure to sales, it generates higher free cash flow.
Warren Buffett's Berkshire Hathaway now owns nearly $11 billion worth of Occidental Petroleum stock after buying another 1.9 million shares in the past week. July 19, 2022, at 10:39 a.m. OMAHA, Neb.
Which companies does Warren Buffett Own?
Buffett runs Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has promised to donate over 99% of his wealth.
Buffett's company received FERC approval to buy up to 50 percent of Occidental Petroleum's stock.
Exxon's shares are not overvalued when compared to the market as a whole, especially tech stocks.
#40: Procter & Gamble
But Procter & Gamble (PG) is one Dow component that has fallen by the wayside as a Berkshire Hathaway investment. Buffett came to own P&G – maker of Tide detergent, Crest toothpaste and Pampers diapers – via the holding company's 2005 acquisition of razor-maker Gillette.
