TRUE Private Wealth Advisors Buys 3,070 Shares of Exxon Mobil Co. (NYSE:XOM)

TRUE Private Wealth Advisors raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 52,198 shares of the oil and gas company’s stock after purchasing an additional 3,070 shares during the period. Exxon Mobil makes up 0.7% of TRUE Private Wealth Advisors’ portfolio, making the stock its 29th biggest position. TRUE Private Wealth Advisors’ holdings in Exxon Mobil were worth $5,219,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. KB Financial Partners LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $27,000. IMA Wealth Inc. lifted its holdings in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the last quarter. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. lifted its holdings in shares of Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the last quarter. Finally, Studio Investment Management LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $49,000. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $118.46 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a market capitalization of $468.90 billion, a P/E ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The company’s 50-day simple moving average is $111.18 and its two-hundred day simple moving average is $106.30. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.40 EPS. As a group, analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Mizuho reiterated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Profile

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.