TrueWealth Advisors LLC Has $1.43 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

TrueWealth Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,324 shares of the oil and gas company’s stock after selling 182 shares during the quarter. TrueWealth Advisors LLC’s holdings in Exxon Mobil were worth $1,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vertex Planning Partners LLC boosted its holdings in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the period. Etfidea LLC boosted its stake in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares during the period. First Heartland Consultants Inc. grew its position in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares in the last quarter. Latitude Advisors LLC raised its stake in Exxon Mobil by 0.7% during the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after purchasing an additional 88 shares during the period. Finally, Longfellow Investment Management Co. LLC lifted its holdings in shares of Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wolfe Research upped their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. 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. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.37 on Friday. The company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company’s fifty day moving average price is $112.56 and its 200 day moving average price is $115.50.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.