Truvestments Capital LLC Acquires New Position in Exxon Mobil Co. (XOM)

Truvestments Capital LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the second quarter, HoldingsChannel reports. The institutional investor acquired 18,053 shares of the oil and gas company’s stock, valued at approximately $1,494,000. Exxon Mobil accounts for approximately 0.9% of Truvestments Capital LLC’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grassi Investment Management grew its stake in Exxon Mobil by 0.6% during the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock valued at $7,744,000 after acquiring an additional 600 shares in the last quarter. Dividend Assets Capital LLC lifted its position in Exxon Mobil by 1.8% during the second quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock valued at $2,957,000 after purchasing an additional 645 shares during the last quarter. Outfitter Advisors LTD. lifted its position in Exxon Mobil by 1.4% during the second quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock valued at $3,939,000 after purchasing an additional 650 shares during the last quarter. Cue Financial Group Inc. lifted its position in Exxon Mobil by 4.8% during the second quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock valued at $1,180,000 after purchasing an additional 657 shares during the last quarter. Finally, We Are One Seven LLC lifted its position in Exxon Mobil by 3.8% during the first quarter. We Are One Seven LLC now owns 18,385 shares of the oil and gas company’s stock valued at $1,372,000 after purchasing an additional 671 shares during the last quarter. 53.30% of the stock is owned by hedge funds and other institutional investors.

XOM has been the subject of several research reports. Morningstar set a $90.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, September 5th. BNP Paribas set a $85.00 price objective on shares of Exxon Mobil and gave the company a “sell” rating in a research report on Tuesday, August 28th. Wolfe Research upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Jefferies Financial Group set a $87.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 24th. Finally, Macquarie reiterated a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a research report on Friday, October 19th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $86.63.

In other news, VP Neil A. Hansen sold 2,798 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $76.81, for a total value of $214,914.38. Following the completion of the sale, the vice president now owns 32,800 shares in the company, valued at approximately $2,519,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The disclosure for this sale can be found here. Insiders sold a total of 58,587 shares of company stock valued at $4,675,508 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Exxon Mobil stock opened at $75.58 on Friday. The stock has a market capitalization of $320.27 billion, a PE ratio of 17.37, a PEG ratio of 2.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The firm had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. Research analysts forecast that Exxon Mobil Co. will post 4.76 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 10th. Stockholders of record on Tuesday, November 13th were issued a $0.82 dividend. The ex-dividend date was Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.34%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

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About Exxon Mobil

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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.

See Also: Insider Trading

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

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