TruWealth Advisors LLC Buys 367 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 15th, 2023

TruWealth Advisors LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,228 shares of the oil and gas company’s stock after buying an additional 367 shares during the period. TruWealth Advisors LLC’s holdings in Exxon Mobil were worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC increased its position in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil in the first quarter valued at about $275,000. Loomis Sayles & Co. L P increased its holdings in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC increased its holdings in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil in the first quarter valued at about $237,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $116.05 on Friday. The company has a market capitalization of $472.44 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.54 and a beta of 1.08. The business’s 50 day moving average is $110.92 and its two-hundred day moving average is $108.82. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. Analysts expect that Exxon Mobil Co. will post 10 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Truist Financial increased their price objective on Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $140.00 to $135.00 in a report on Thursday. Piper Sandler cut their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Finally, Mizuho upped their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.91.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.