Red Door Wealth Management LLC Sells 2,455 Shares of Exxon Mobil Corporation (NYSE:XOM)

Red Door Wealth Management LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,658 shares of the oil and gas company's stock after selling 2,455 shares during the period. Red Door Wealth Management LLC's holdings in Exxon Mobil were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. lifted its position in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after acquiring an additional 100 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $125.00 to $131.00 in a research note on Wednesday. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $125.40.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $1.10 on Thursday, hitting $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,727,119. The stock has a market cap of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.12 and a beta of 0.50. The stock has a 50 day moving average price of $107.17 and a 200 day moving average price of $108.45. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 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 analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 EPS. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 3.53%. Exxon Mobil's dividend payout ratio (DPR) is currently 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.