TRUE Private Wealth Advisors Buys 2,531 Shares of Exxon Mobil Co. (NYSE:XOM)

TRUE Private Wealth Advisors grew its stake in Exxon Mobil Co. (NYSE:XOM) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,898 shares of the oil and gas company’s stock after acquiring an additional 2,531 shares during the period. TRUE Private Wealth Advisors’ holdings in Exxon Mobil were worth $2,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC grew its holdings in shares of Exxon Mobil by 625.3% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 469 shares in the last quarter. Asset Planning Services Ltd. grew its holdings in shares of Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $43,000. Evolution Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $45,000. Finally, Interactive Financial Advisors bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $65,000. Institutional investors own 54.48% of the company’s stock.

In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a report on Monday, July 22nd. Morgan Stanley decreased their price objective on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Bank of America restated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a report on Monday, August 5th. Berenberg Bank reiterated a “hold” rating and set a $76.00 price target on shares of Exxon Mobil in a report on Wednesday, August 7th. Finally, DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $82.35.

Exxon Mobil stock traded up $0.62 during midday trading on Wednesday, reaching $69.65. 705,382 shares of the company’s stock were exchanged, compared to its average volume of 12,380,931. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The firm has a market cap of $288.98 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.97 and a beta of 0.97. The stock’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $76.76.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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