Exxon Mobil Co. (NYSE:XOM) Shares Sold by RWWM Inc.

RWWM Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 844,424 shares of the oil and gas company's stock after selling 128,306 shares during the period. Exxon Mobil accounts for 8.1% of RWWM Inc.'s investment portfolio, making the stock its 5th largest position. RWWM Inc.'s holdings in Exxon Mobil were worth $100,427,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. 10Elms LLP bought a new stake in Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $47,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank cut their target price 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. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have assigned 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 has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 0.3%

NYSE XOM traded up $0.36 on Monday, hitting $112.48. The stock had a trading volume of 22,874,304 shares, compared to its average volume of 16,824,721. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The business's fifty day moving average price is $105.51 and its 200 day moving average price is $108.66. 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 stock has a market cap of $484.73 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the business earned $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Exxon Mobil Company 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.