TruWealth Advisors LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

TruWealth Advisors LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,117 shares of the oil and gas company’s stock after selling 1,436 shares during the quarter. TruWealth Advisors LLC’s holdings in Exxon Mobil were worth $2,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $218,000. St. Louis Financial Planners Asset Management LLC grew its holdings in shares of Exxon Mobil by 23.1% during the 1st quarter. St. Louis Financial Planners Asset Management LLC now owns 19,476 shares of the oil and gas company’s stock valued at $2,324,000 after acquiring an additional 3,654 shares in the last quarter. Wedmont Private Capital increased its position in Exxon Mobil by 15.8% in the 1st quarter. Wedmont Private Capital now owns 44,153 shares of the oil and gas company’s stock worth $5,350,000 after purchasing an additional 6,020 shares during the last quarter. Sunflower Bank N.A. increased its holdings in Exxon Mobil by 20.7% in the first quarter. Sunflower Bank N.A. now owns 22,368 shares of the oil and gas company’s stock worth $2,600,000 after buying an additional 3,839 shares during the last quarter. Finally, Grandview Asset Management LLC raised its holdings in shares of Exxon Mobil by 5.4% during the 1st quarter. Grandview Asset Management LLC now owns 6,970 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 360 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday. They set a “neutral” rating and a $124.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Down 0.3 %

XOM opened at $120.00 on Friday. The company has a market capitalization of $473.16 billion, a P/E ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm’s fifty day moving average price is $117.39 and its two-hundred day moving average price is $116.51. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.