TrueWealth Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,335 shares of the oil and gas company’s stock after selling 392 shares during the quarter. TrueWealth Advisors LLC’s holdings in Exxon Mobil were worth $1,572,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC grew its stake in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Morgan Stanley grew its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD grew its stake in shares of Exxon Mobil by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after buying an additional 1,344,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the last quarter. 58.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. StockNews.com assumed coverage on Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating for the company. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target for the company. in a report on Thursday, June 1st. Finally, Piper Sandler lowered their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.70.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same period in the prior year, the firm earned $2.07 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.46 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.
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.
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