TRUE Private Wealth Advisors Has $4.24 Million Stake in Exxon Mobil Corporation $XOM

TRUE Private Wealth Advisors cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,371 shares of the oil and gas company’s stock after selling 763 shares during the period. TRUE Private Wealth Advisors’ holdings in Exxon Mobil were worth $4,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. lifted its stake in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares during the period. GW&K Investment Management LLC grew its position in Exxon Mobil by 11.6% during the first quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock worth $452,000 after buying an additional 395 shares in the last quarter. Obermeyer Wealth Partners increased its stake in Exxon Mobil by 17.2% during the first quarter. Obermeyer Wealth Partners now owns 175,508 shares of the oil and gas company’s stock valued at $20,873,000 after acquiring an additional 25,777 shares during the period. Finally, Ignite Planners LLC raised its holdings in Exxon Mobil by 8.6% in the 1st quarter. Ignite Planners LLC now owns 16,870 shares of the oil and gas company’s stock valued at $2,006,000 after acquiring an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $119.02 on Wednesday. The business has a fifty day moving average of $114.40 and a 200-day moving average of $110.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The firm has a market cap of $501.91 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Mizuho lowered their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

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.