REDW Wealth LLC Has $330,000 Stake in Exxon Mobil Co. (NYSE:XOM)

REDW Wealth LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,069 shares of the oil and gas company’s stock after selling 626 shares during the quarter. REDW Wealth LLC’s holdings in Exxon Mobil were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Rockline Wealth Management LLC boosted its position in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after acquiring an additional 1,498 shares during the period. Helen Stephens Group LLC lifted its position in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after purchasing an additional 2,825 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after purchasing an additional 6,753 shares during the period. Parthenon LLC grew its position in Exxon Mobil by 2.4% during the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after purchasing an additional 4,445 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its stake in Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock valued at $8,942,000 after buying an additional 22,296 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $109.05 on Monday. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $473.20 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83. The business’s 50 day moving average is $109.05 and its two-hundred day moving average is $113.87.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm earned $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Bernstein Bank increased their price objective on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.