Truvestments Capital LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Truvestments Capital LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,095 shares of the oil and gas company’s stock after selling 452 shares during the period. Truvestments Capital LLC’s holdings in Exxon Mobil were worth $256,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. LCM Capital Management Inc increased its position in shares of Exxon Mobil by 1.3% in the 1st quarter. LCM Capital Management Inc now owns 10,003 shares of the oil and gas company’s stock valued at $826,000 after purchasing an additional 124 shares during the last quarter. Investors Research Corp increased its position in shares of Exxon Mobil by 1.6% in the 1st quarter. Investors Research Corp now owns 7,835 shares of the oil and gas company’s stock valued at $647,000 after purchasing an additional 125 shares during the last quarter. Moulton Wealth Management Inc. increased its position in shares of Exxon Mobil by 1.0% in the 1st quarter. Moulton Wealth Management Inc. now owns 12,197 shares of the oil and gas company’s stock valued at $1,014,000 after purchasing an additional 126 shares during the last quarter. Roble Belko & Company Inc increased its position in shares of Exxon Mobil by 2.4% in the 4th quarter. Roble Belko & Company Inc now owns 5,508 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 129 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of Exxon Mobil by 0.8% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 17,330 shares of the oil and gas company’s stock valued at $1,060,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Stock Up 3.3 %

XOM stock opened at $89.98 on Tuesday. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The stock has a market capitalization of $379.04 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The company has a fifty day moving average of $91.30 and a 200-day moving average of $84.82.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm had revenue of $90.50 billion during the quarter, compared to analyst estimates of $83.57 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue was up 53.0% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 11.46 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XOM shares. Argus increased their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Citigroup increased their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their target price for the company from $115.00 to $125.00 in a research report on Tuesday, June 21st. Finally, Cowen increased their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $94.73.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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