Truepoint Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Truepoint Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM) by 69.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,833 shares of the oil and gas company’s stock after buying an additional 2,812 shares during the period. Truepoint Inc.’s holdings in Exxon Mobil were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. KKM Financial LLC raised its holdings in shares of Exxon Mobil by 6.3% during the third quarter. KKM Financial LLC now owns 23,306 shares of the oil and gas company’s stock worth $2,732,000 after purchasing an additional 1,378 shares during the last quarter. Algert Global LLC purchased a new position in shares of Exxon Mobil during the third quarter worth $2,262,000. CMG Global Holdings LLC raised its holdings in shares of Exxon Mobil by 0.8% during the third quarter. CMG Global Holdings LLC now owns 23,487 shares of the oil and gas company’s stock worth $2,753,000 after purchasing an additional 195 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Exxon Mobil by 2.4% during the third quarter. Kingsview Wealth Management LLC now owns 133,211 shares of the oil and gas company’s stock worth $15,615,000 after purchasing an additional 3,170 shares during the last quarter. Finally, Advisory Services & Investments LLC purchased a new position in shares of Exxon Mobil during the third quarter worth $202,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $121.79 on Friday. The company’s 50-day moving average price is $119.39 and its 200-day moving average price is $116.54. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $535.28 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.96 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. Finally, Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Company 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.