Truvestments Capital LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Truvestments Capital LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 28.9% in the third quarter, Holdings Channel.com reports. The firm owned 3,947 shares of the oil and gas company’s stock after purchasing an additional 884 shares during the quarter. Truvestments Capital LLC’s holdings in Exxon Mobil were worth $463,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the period. Legal & General Group Plc grew its position in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the period. Finally, Fisher Asset Management LLC lifted its position in shares of Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after purchasing an additional 949,875 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. TD Cowen lifted their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Stock Down 1.5 %

NYSE:XOM opened at $119.97 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $527.28 billion, a P/E ratio of 14.94, a P/E/G ratio of 5.10 and a beta of 0.90. The company’s 50-day simple moving average is $119.53 and its 200-day simple moving average is $116.56. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share 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. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

About Exxon Mobil

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.