Redhawk Wealth Advisors Inc. grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,661 shares of the oil and gas company's stock after acquiring an additional 4,355 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $3,409,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Beacon Capital Management LLC raised its position in shares of Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after acquiring an additional 94 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares during the last quarter. WPWealth LLP grew its position in Exxon Mobil by 1.1% in the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after purchasing an additional 96 shares during the period. Finally, Financial Management Network Inc. grew its position in Exxon Mobil by 1.2% in the 4th quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock worth $910,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Price Performance
Shares of XOM traded up $0.59 during mid-day trading on Thursday, hitting $109.90. 6,501,965 shares of the stock were exchanged, compared to its average volume of 15,576,742. The firm has a 50-day moving average of $105.14 and a two-hundred day moving average of $108.89. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market cap of $473.63 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Scotiabank cut their price target on 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. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price objective 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. Finally, Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.50.
Read Our Latest Stock Analysis on XOM
About Exxon Mobil
(
Free Report)
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.
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