RWA Wealth Partners LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

RWA Wealth Partners LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,943 shares of the oil and gas company's stock after selling 52,904 shares during the period. RWA Wealth Partners LLC's holdings in Exxon Mobil were worth $25,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at about $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

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Exxon Mobil Stock Up 1.2 %

Shares of XOM stock traded up $1.36 during trading hours on Monday, reaching $119.09. The company had a trading volume of 21,644,704 shares, compared to its average volume of 15,729,953. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $516.73 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The business has a fifty day simple moving average of $110.73 and a 200-day simple moving average of $113.74.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. Exxon Mobil's payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XOM. UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Morgan Stanley decreased their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday. Mizuho decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. TD Cowen decreased their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $129.05.

Exxon Mobil 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.