Redhawk Wealth Advisors Inc. Sells 2,411 Shares of Exxon Mobil Corporation $XOM

Key Points

• Redhawk Wealth Advisors Inc. sold 2,411 shares of Exxon Mobil, reducing its holdings by 8.4% to 26,250 shares, valued at approximately $2.83 million as of the latest SEC filing.
• Exxon Mobil's recent quarterly earnings beat projections with $1.64 EPS on revenue of $81.51 billion, surpassing estimates, despite a 12.4% decrease compared to the previous year.
• The company announced a quarterly dividend of $0.99, representing an annualized yield of 3.5%, and has a payout ratio of 56.25%.

Redhawk Wealth Advisors Inc. reduced its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,250 shares of the oil and gas company's stock after selling 2,411 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $2,830,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Two Sigma Investments LP lifted its holdings in shares of Exxon Mobil by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock valued at $3,234,000 after purchasing an additional 1,698 shares during the last quarter. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Pinkerton Retirement Specialists LLC raised its stake in Exxon Mobil by 3.3% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 44,622 shares of the oil and gas company's stock valued at $4,800,000 after acquiring an additional 1,432 shares during the last quarter. RB Capital Management LLC raised its stake in Exxon Mobil by 3.3% during the 4th quarter. RB Capital Management LLC now owns 22,733 shares of the oil and gas company's stock valued at $2,445,000 after acquiring an additional 734 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its stake in Exxon Mobil by 5.8% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 5,033 shares of the oil and gas company's stock valued at $541,000 after acquiring an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Piper Sandler upped their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $124.76.

Exxon Mobil Stock Down 1.0%

Shares of Exxon Mobil stock traded down $1.11 during trading hours on Friday, hitting $112.82. 38,732,208 shares of the company's stock traded hands, compared to its average volume of 13,609,037. The stock has a 50 day simple moving average of $110.54 and a 200-day simple moving average of $109.31. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $480.98 billion, a PE ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

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.