Exxon Mobil Co. (NYSE:XOM) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,342 shares of the oil and gas company’s stock after selling 111 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Resolute Wealth Strategies LLC’s holdings, making the stock its 20th biggest holding. Resolute Wealth Strategies LLC’s holdings in Exxon Mobil were worth $2,134,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Fund Management LLC lifted its holdings in Exxon Mobil by 5.6% in the 4th quarter. Royal Fund Management LLC now owns 7,338 shares of the oil and gas company’s stock worth $734,000 after buying an additional 387 shares in the last quarter. AJOVista LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $312,000. ARS Wealth Advisors Group LLC lifted its stake in shares of Exxon Mobil by 6.6% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 143,509 shares of the oil and gas company’s stock worth $14,348,000 after acquiring an additional 8,922 shares in the last quarter. Sapient Capital LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $4,814,000. Finally, Axxcess Wealth Management LLC grew its stake in Exxon Mobil by 12.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 142,510 shares of the oil and gas company’s stock valued at $14,248,000 after purchasing an additional 16,120 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction 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 disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

XOM stock traded down $0.24 during mid-day trading on Friday, reaching $116.00. The company had a trading volume of 28,023,313 shares, compared to its average volume of 18,518,412. The stock has a market capitalization of $457.39 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The stock’s 50-day simple moving average is $114.65 and its two-hundred day simple moving average is $106.96. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last posted 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). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $2.83 EPS. Research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. HSBC boosted their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Truist Financial increased their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

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.