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

RWA Wealth Partners LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 505.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 273,963 shares of the oil and gas company’s stock after buying an additional 228,735 shares during the quarter. RWA Wealth Partners LLC’s holdings in Exxon Mobil were worth $27,391,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in Exxon Mobil by 10,221.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after acquiring an additional 4,870,115 shares during the last quarter. FMR LLC boosted its stake in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth about $295,515,000. Canada Pension Plan Investment Board boosted its stake in shares of Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after purchasing an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Exxon Mobil by 650.5% during the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after purchasing an additional 1,616,417 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $121.05 on Wednesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $479.15 billion, a P/E ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. The firm has a 50 day simple moving average of $112.29 and a 200-day simple moving average of $106.41.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen raised their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. UBS Group raised their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $132.28.

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.