RDA Financial Network Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

RDA Financial Network trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,841 shares of the oil and gas company’s stock after selling 984 shares during the quarter. RDA Financial Network’s holdings in Exxon Mobil were worth $695,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new position in Exxon Mobil during the fourth quarter worth $789,000. Union Bancaire Privee UBP SA acquired a new position in Exxon Mobil during the fourth quarter worth $48,348,000. Rockline Wealth Management LLC boosted its stake in Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Verity Asset Management Inc. boosted its stake in Exxon Mobil by 4.7% during the fourth quarter. Verity Asset Management Inc. now owns 3,588 shares of the oil and gas company’s stock worth $386,000 after buying an additional 161 shares during the last quarter. Finally, Sloy Dahl & Holst LLC boosted its stake in Exxon Mobil by 78.1% during the fourth quarter. Sloy Dahl & Holst LLC now owns 7,906 shares of the oil and gas company’s stock worth $850,000 after buying an additional 3,468 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $104.29 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.49. The business’s 50-day moving average is $105.42 and its two-hundred day moving average is $109.11. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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 company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Scotiabank decreased their price target on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.50.

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.