TRUE Private Wealth Advisors Has $4.41 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

TRUE Private Wealth Advisors cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,020 shares of the oil and gas company’s stock after selling 633 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Exxon Mobil were worth $4,413,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its position in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares during the last quarter. United Bank increased its position in Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares in the last quarter. Executive Wealth Management LLC boosted its position in Exxon Mobil by 361.9% in the third quarter. Executive Wealth Management LLC now owns 54,102 shares of the oil and gas company’s stock valued at $6,342,000 after buying an additional 42,390 shares in the last quarter. Impala Asset Management LLC grew its stake in shares of Exxon Mobil by 100.4% during the third quarter. Impala Asset Management LLC now owns 45,100 shares of the oil and gas company’s stock worth $5,287,000 after buying an additional 22,600 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Exxon Mobil by 0.5% during the third quarter. Vestcor Inc now owns 185,284 shares of the oil and gas company’s stock worth $21,719,000 after buying an additional 970 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays reduced their target price on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

Exxon Mobil Stock Down 2.2 %

Shares of NYSE XOM opened at $100.67 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a 50-day moving average price of $110.70 and a 200-day moving average price of $113.52. The stock has a market capitalization of $436.81 billion, a P/E ratio of 12.84, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 1 year low of $98.27 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the business earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.