Exxon Mobil Co. (NYSE:XOM) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,702 shares of the oil and gas company’s stock after selling 1,088 shares during the period. Exxon Mobil comprises 2.5% of TrueMark Investments LLC’s holdings, making the stock its 13th biggest holding. TrueMark Investments LLC’s holdings in Exxon Mobil were worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Auxier Asset Management lifted its position in Exxon Mobil by 0.8% during the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after buying an additional 97 shares in the last quarter. Boltwood Capital Management grew its stake in Exxon Mobil by 0.4% in the fourth quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock valued at $2,544,000 after purchasing an additional 98 shares in the last quarter. Stolper Co increased its position in shares of Exxon Mobil by 0.4% during the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after purchasing an additional 98 shares during the last quarter. CMG Global Holdings LLC raised its stake in shares of Exxon Mobil by 0.4% during the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock worth $2,483,000 after purchasing an additional 99 shares in the last quarter. Finally, Argus Investors Counsel Inc. boosted its holdings in shares of Exxon Mobil by 0.5% in the 4th quarter. Argus Investors Counsel Inc. now owns 20,450 shares of the oil and gas company’s stock valued at $2,045,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays began coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. UBS Group upped their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.40 on Thursday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm’s 50-day simple moving average is $115.50 and its 200 day simple moving average is $109.39. The firm has a market cap of $451.08 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.32%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

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.