RVW Wealth LLC Buys 3,026 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• RVW Wealth LLC increased its holdings in Exxon Mobil Corporation by 56.9%, acquiring an additional 3,026 shares to own a total of 8,343 shares valued at approximately $992,000.
• Multiple institutional investors, including Quantinno Capital Management and Hartford Funds Management, have also increased their stakes in Exxon Mobil, indicating strong investor interest.
• Exxon Mobil's stock currently has a consensus rating of "Moderate Buy" with an average price target of $125.42, despite recent fluctuations leading to a stock price of $112.02.

RVW Wealth LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 56.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,343 shares of the oil and gas company's stock after purchasing an additional 3,026 shares during the period. RVW Wealth LLC's holdings in Exxon Mobil were worth $992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its holdings in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $55,000. Journey Strategic Wealth LLC grew its stake in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Legacy Trust boosted its position in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC raised its stake in shares of Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, UBS Group decreased their price target 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Down 0.8%

NYSE XOM opened at $112.02 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average is $109.17 and its two-hundred day moving average is $109.13. The company has a market capitalization of $482.77 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 2.12 and a beta of 0.50. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company 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 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio 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.

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