RVW Wealth LLC Cuts Holdings in Exxon Mobil Corporation $XOM

RVW Wealth LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,071 shares of the oil and gas company’s stock after selling 272 shares during the quarter. RVW Wealth LLC’s holdings in Exxon Mobil were worth $870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XOM. Two Sigma Investments LP raised its holdings in Exxon Mobil by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company’s stock worth $3,234,000 after purchasing an additional 1,698 shares in the last quarter. Alpha Wealth Funds LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $212,000. Mattson Financial Services LLC grew its position in Exxon Mobil by 2.1% during the 4th quarter. Mattson Financial Services LLC now owns 12,302 shares of the oil and gas company’s stock valued at $1,442,000 after purchasing an additional 248 shares during the last quarter. Old North State Trust LLC grew its position in Exxon Mobil by 9.5% during the 4th quarter. Old North State Trust LLC now owns 10,382 shares of the oil and gas company’s stock valued at $1,117,000 after purchasing an additional 902 shares during the last quarter. Finally, Anchor Pointe Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $208,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Morgan Stanley raised their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.56 on Thursday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $488.40 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock’s 50-day simple moving average is $110.57 and its 200-day simple moving average is $109.44.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. Exxon Mobil’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.