TrueWealth Advisors LLC Has $1.58 Million Position in Exxon Mobil Co. (NYSE:XOM)

TrueWealth Advisors LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,506 shares of the oil and gas company’s stock after selling 467 shares during the period. TrueWealth Advisors LLC’s holdings in Exxon Mobil were worth $1,583,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC raised its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 3.2 %

XOM stock opened at $118.61 on Tuesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The business has a 50-day simple moving average of $117.67 and a 200 day simple moving average of $116.33. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $467.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.01 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.34%. Exxon Mobil’s dividend payout ratio (DPR) is presently 45.45%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Sanford C. Bernstein reduced their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, Mizuho raised their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.95.

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.