Exxon Mobil Co. (NYSE:XOM) Shares Purchased by RDA Financial Network

RDA Financial Network boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,480 shares of the oil and gas company’s stock after purchasing an additional 362 shares during the period. RDA Financial Network’s holdings in Exxon Mobil were worth $753,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Vima LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $50,000. Orion Capital Management LLC acquired a new position in Exxon Mobil during the 3rd quarter worth $91,000. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management acquired a new position in Exxon Mobil during the 4th quarter worth $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $111.30 on Monday. The stock has a market cap of $438.86 billion, a P/E ratio of 13.57, a PEG ratio of 3.98 and a beta of 0.92. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a fifty day moving average price of $115.70 and a 200 day moving average price of $109.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last released 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 net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the company earned $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. HSBC raised their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

About Exxon Mobil

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.