Redhawk Wealth Advisors Inc. Sells 817 Shares of Exxon Mobil Co. (NYSE:XOM)

Redhawk Wealth Advisors Inc. lowered its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,306 shares of the oil and gas company’s stock after selling 817 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $2,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $51,000. Finally, Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter valued at $54,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday. Finally, UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $128.84.

Get Our Latest Research Report on Exxon Mobil

Exxon Mobil Stock Performance

XOM stock opened at $111.32 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The business’s 50-day moving average price is $112.93 and its two-hundred day moving average price is $115.55. The firm has a market cap of $489.27 billion, a PE ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

About Exxon Mobil

(Free Report)

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.

Further Reading

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

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