Trueblood Wealth Management LLC Acquires 199 Shares of Exxon Mobil Co. (NYSE:XOM)

Trueblood Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,564 shares of the oil and gas company’s stock after acquiring an additional 199 shares during the quarter. Exxon Mobil accounts for about 1.0% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Trueblood Wealth Management LLC’s holdings in Exxon Mobil were worth $1,792,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Anfield Capital Management LLC grew its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Lynx Investment Advisory acquired a new position in Exxon Mobil during the second quarter worth $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at $50,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Truist Financial cut their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group lifted their price objective on Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.29.

Exxon Mobil Price Performance

Shares of XOM opened at $111.15 on Friday. The stock has a market cap of $438.27 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock’s 50-day moving average price is $115.66 and its two-hundred day moving average price is $115.06. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.