Exxon Mobil Corporation $XOM Shares Sold by Redhawk Wealth Advisors Inc.

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. decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,250 shares of the oil and gas company's stock after selling 2,411 shares during the quarter. 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 large investors have also added to or reduced their stakes in XOM. Nuveen LLC purchased a new position in Exxon Mobil during the first quarter valued at $2,730,414,000. GQG Partners LLC raised its stake in shares of Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Finally, Amundi grew its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $1.11 during mid-day trading on Friday, reaching $112.82. The stock had a trading volume of 38,732,208 shares, compared to its average volume of 13,609,037. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $480.98 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business's 50 day moving average price is $110.54 and its 200 day moving average price is $109.31.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 earnings per share. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Mizuho cut their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $124.76.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

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.