Red Mountain Financial LLC Makes New $686,000 Investment in Exxon Mobil Co. (NYSE:XOM)

Red Mountain Financial LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,858 shares of the oil and gas company’s stock, valued at approximately $686,000. Exxon Mobil comprises 1.1% of Red Mountain Financial LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds have also recently modified their holdings of XOM. Envestnet Portfolio Solutions Inc. bought a new stake in Exxon Mobil in the third quarter worth $15,527,000. Nordea Investment Management AB lifted its stake in shares of Exxon Mobil by 0.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,052,745 shares of the oil and gas company’s stock worth $123,434,000 after acquiring an additional 5,781 shares during the last quarter. Sargent Investment Group LLC boosted its holdings in Exxon Mobil by 33.3% during the 3rd quarter. Sargent Investment Group LLC now owns 23,189 shares of the oil and gas company’s stock valued at $2,727,000 after acquiring an additional 5,796 shares during the period. Pearl River Capital LLC bought a new position in Exxon Mobil in the 3rd quarter valued at $2,268,000. Finally, WestHill Financial Advisors Inc. increased its stake in Exxon Mobil by 3.1% in the third quarter. WestHill Financial Advisors Inc. now owns 4,149 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $108.37 on Tuesday. The business’s 50-day moving average is $116.59 and its two-hundred day moving average is $108.92. The company has a market capitalization of $427.30 billion, a P/E ratio of 13.28, a P/E/G ratio of 3.89 and a beta of 0.92. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business earned $2.83 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XOM. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Finally, UBS Group increased their price objective on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.71.

Exxon Mobil Company 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.