Sun Sep 15 14:21:00 UTC 2024: ## Exxon Mobil (XOM) Sees Increased Interest from Hedge Funds

**New York, NY – September 15, 2024** – Trueblood Wealth Management LLC, a prominent investment firm, increased its holdings in Exxon Mobil Co. (NYSE: XOM) by 1.3% in the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission. This move reflects a growing trend of hedge funds showing increased interest in the oil and gas giant.

Trueblood now owns 15,564 shares of Exxon Mobil, making it the 17th largest position in their investment portfolio. Several other hedge funds also adjusted their stakes in the company during recent quarters, including FPC Investment Advisory Inc., Anfield Capital Management LLC, POM Investment Strategies LLC, Lynx Investment Advisory, and Vima LLC.

Exxon Mobil’s strong performance in the second quarter, with earnings exceeding analyst expectations, likely played a role in attracting investor attention. The company reported earnings per share of $2.14, beating the consensus estimate of $2.04. Revenue also surpassed projections, reaching $93.06 billion compared to the anticipated $90.09 billion.

Analyst sentiment towards Exxon Mobil remains positive. 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. The stock currently has an average rating of “Moderate Buy” and an average target price of $136.29, according to data from MarketBeat.com.

Exxon Mobil Corporation is a global leader in the exploration and production of crude oil and natural gas, operating through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The company has a market cap of $438.27 billion and recently declared a quarterly dividend of $0.95, representing a dividend yield of 3.42%.

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