RWA Wealth Partners LLC Reduces Position in Exxon Mobil Corporation $XOM

RWA Wealth Partners LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 6.0% in the third quarter, Holdings Channel reports. The fund owned 234,908 shares of the oil and gas company’s stock after selling 15,017 shares during the period. RWA Wealth Partners LLC’s holdings in Exxon Mobil were worth $26,486,000 at the end of the most recent reporting period.

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

More Exxon Mobil News

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

Exxon Mobil Stock Performance

NYSE:XOM opened at $149.31 on Wednesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $156.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a 50 day moving average price of $133.64 and a 200 day moving average price of $120.85. The stock has a market capitalization of $622.16 billion, a P/E ratio of 22.32, a PEG ratio of 15.64 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 14,230 shares of company stock worth $1,888,421. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XOM. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. UBS Group reaffirmed a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Citigroup increased their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Mizuho set a $140.00 target price on Exxon Mobil in a research report on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.59.

Check Out Our Latest Stock Analysis on XOM

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.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.