Red Door Wealth Management LLC Has $2.59 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Red Door Wealth Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,285 shares of the oil and gas company’s stock after purchasing an additional 1,966 shares during the quarter. Red Door Wealth Management LLC’s holdings in Exxon Mobil were worth $2,590,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on XOM shares. UBS Group raised their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective for the company. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial reiterated a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, Wells Fargo & Company raised their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $133.82.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $114.96 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a 50 day moving average of $115.25 and a 200-day moving average of $109.72. The company has a market cap of $453.29 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

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.