RB Capital Management LLC Has $2.54 Million Stock Holdings in Exxon Mobil Corporation $XOM

RB Capital Management LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,595 shares of the oil and gas company’s stock after acquiring an additional 423 shares during the quarter. RB Capital Management LLC’s holdings in Exxon Mobil were worth $2,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TrueWealth Advisors LLC lifted its stake in shares of Exxon Mobil by 1.1% in the second quarter. TrueWealth Advisors LLC now owns 13,785 shares of the oil and gas company’s stock worth $1,486,000 after acquiring an additional 144 shares during the period. Garde Capital Inc. lifted its stake in shares of Exxon Mobil by 2.3% in the second quarter. Garde Capital Inc. now owns 4,855 shares of the oil and gas company’s stock worth $523,000 after acquiring an additional 107 shares during the period. Collective Family Office LLC lifted its stake in shares of Exxon Mobil by 23.0% in the second quarter. Collective Family Office LLC now owns 2,700 shares of the oil and gas company’s stock worth $291,000 after acquiring an additional 504 shares during the period. HBW Advisory Services LLC lifted its stake in shares of Exxon Mobil by 16.7% in the second quarter. HBW Advisory Services LLC now owns 5,267 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 755 shares during the period. Finally, Helen Stephens Group LLC lifted its stake in shares of Exxon Mobil by 9.5% in the second quarter. Helen Stephens Group LLC now owns 45,735 shares of the oil and gas company’s stock worth $4,930,000 after acquiring an additional 3,983 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Piper Sandler boosted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average price target of $124.81.

Exxon Mobil Trading Up 0.1%

NYSE XOM opened at $112.21 on Friday. The company has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business has a 50 day moving average price of $110.55 and a 200-day moving average price of $109.15. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

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.