TRUE Private Wealth Advisors Purchases 955 Shares of Exxon Mobil Co. (XOM)
TRUE Private Wealth Advisors lifted its position in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,990 shares of the oil and gas company’s stock after acquiring an additional 955 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Exxon Mobil were worth $1,902,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Alley Co LLC increased its holdings in shares of Exxon Mobil by 3.0% during the fourth quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after acquiring an additional 1,802 shares in the last quarter. Koch Industries Inc. increased its holdings in shares of Exxon Mobil by 343.1% during the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after acquiring an additional 9,676 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Exxon Mobil by 53.6% during the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after acquiring an additional 3,136,452 shares in the last quarter. First Financial Bank Trust Division increased its holdings in shares of Exxon Mobil by 3.5% during the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after acquiring an additional 2,883 shares in the last quarter. Finally, TLP Group LLC increased its holdings in shares of Exxon Mobil by 2,160.1% during the first quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after acquiring an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 52.43% of the company’s stock.
Shares of NYSE XOM opened at $85.17 on Friday. The company has a market capitalization of $359.42 billion, a P/E ratio of 23.72, a PEG ratio of 1.42 and a beta of 0.86. Exxon Mobil Co. has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81.
The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a $0.82 dividend. The ex-dividend date was Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil’s dividend payout ratio is currently 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.
XOM has been the topic of several recent analyst reports. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Mizuho initiated coverage on shares of Exxon Mobil in a report on Friday, June 8th. They set a “neutral” rating and a $81.00 price objective on the stock. Jefferies Financial Group restated a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Monday, June 11th. Morningstar set a $85.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Monday, June 11th. Finally, Wells Fargo & Co restated a “neutral” rating and set a $82.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average target price of $87.13.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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