TruWealth Advisors LLC Has $2.39 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

TruWealth Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,204 shares of the oil and gas company’s stock after selling 913 shares during the period. TruWealth Advisors LLC’s holdings in Exxon Mobil were worth $2,388,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the second quarter valued at $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the third quarter valued at $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $112.37 on Monday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company’s fifty day moving average price is $112.56 and its 200-day moving average price is $115.51. 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 (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Exxon Mobil 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.