TRU Independence Asset Management 2 LLC Invests $576,000 in Exxon Mobil Co. (NYSE:XOM)

TRU Independence Asset Management 2 LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) during the 1st quarter, Holdings Channel reports. The fund acquired 5,253 shares of the oil and gas company’s stock, valued at approximately $576,000.

Several other hedge funds have also modified their holdings of XOM. Axiom Financial Strategies LLC raised its holdings 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 during the period. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil during the 1st quarter valued at $275,000. Loomis Sayles & Co. L P raised its holdings in Exxon Mobil by 318.8% during the 1st 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 buying an additional 13,065 shares during the period. Ergoteles LLC raised its holdings in Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at $237,000. 58.59% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s 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 owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Jefferies Financial Group reduced their target price on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a research note on Thursday, June 1st. The Goldman Sachs Group lowered Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, May 1st. Finally, Mizuho reduced their target price on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $124.70.

Exxon Mobil Price Performance

XOM opened at $101.38 on Tuesday. The business’s 50-day moving average is $105.31 and its two-hundred day moving average is $109.47. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The firm has a market capitalization of $409.88 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted 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 company had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 9.45 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.59%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

Exxon Mobil Company Profile

(Free Report)

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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