RWA Wealth Partners LLC Trims Holdings in Exxon Mobil Corporation $XOM

RWA Wealth Partners LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,908 shares of the oil and gas company’s stock after selling 15,017 shares during the quarter. RWA Wealth Partners LLC’s holdings in Exxon Mobil were worth $26,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Eagle Capital Management LLC boosted its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $305,000. Sivia Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the period. Castellan Group lifted its holdings in shares of Exxon Mobil by 2.9% in the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after buying an additional 740 shares during the period. Finally, United Bank boosted its stake in shares of Exxon Mobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 14,230 shares of company stock valued at $1,888,421 over the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XOM. Mizuho set a $140.00 price target on Exxon Mobil in a research report on Wednesday, February 4th. Citigroup lifted their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. UBS Group restated a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Finally, Piper Sandler decreased their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $140.59.

View Our Latest Stock Report on Exxon Mobil

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Price Performance

Exxon Mobil stock opened at $149.31 on Wednesday. The stock has a market capitalization of $622.16 billion, a P/E ratio of 22.32, a P/E/G ratio of 15.64 and a beta of 0.39. The company’s fifty day moving average price is $133.64 and its 200 day moving average price is $120.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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