Truvestments Capital LLC Has $353,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Truvestments Capital LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 20.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,038 shares of the oil and gas company’s stock after selling 765 shares during the quarter. Truvestments Capital LLC’s holdings in Exxon Mobil were worth $353,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial bought a new stake in Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth about $46,000. Vima LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $50,000. Finally, ESL Trust Services LLC acquired a new stake in Exxon Mobil during the first quarter valued at approximately $76,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Wolfe Research began coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.78.

Exxon Mobil Stock Down 0.1 %

XOM traded down $0.10 during trading on Friday, hitting $117.33. The company had a trading volume of 11,252,479 shares, compared to its average volume of 12,739,402. The firm’s 50-day moving average price is $113.86 and its 200 day moving average price is $111.52. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a market capitalization of $462.63 billion, a PE ratio of 14.38, a PEG ratio of 4.52 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Company 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.