RFG Holdings Inc. Sells 3,481 Shares of Exxon Mobil Co. (NYSE:XOM)

RFG Holdings Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 26.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,699 shares of the oil and gas company’s stock after selling 3,481 shares during the period. Exxon Mobil comprises approximately 0.4% of RFG Holdings Inc.’s holdings, making the stock its 25th largest holding. RFG Holdings Inc.’s holdings in Exxon Mobil were worth $1,154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil in the fourth quarter valued at about $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil during the 4th quarter worth about $48,348,000. SOA Wealth Advisors LLC. increased its holdings in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company’s stock worth $753,000 after purchasing an additional 1,595 shares in the last quarter. Summit Wealth & Retirement Planning Inc. increased its holdings in Exxon Mobil by 7.9% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 6,797 shares of the oil and gas company’s stock worth $731,000 after purchasing an additional 500 shares in the last quarter. Finally, Rede Wealth LLC grew its holdings in shares of Exxon Mobil by 0.8% in the 4th quarter. Rede Wealth LLC now owns 20,820 shares of the oil and gas company’s stock valued at $2,240,000 after acquiring an additional 168 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XOM shares. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. UBS Group cut their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $109.71 on Friday. The company’s 50 day simple moving average is $105.28 and its 200 day simple moving average is $108.82. The stock has a market capitalization of $472.81 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil’s payout ratio is presently 52.52%.

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.