Rede Wealth LLC Has $2.41 Million Stock Holdings in Exxon Mobil Corporation $XOM

Rede Wealth LLC cut its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,251 shares of the oil and gas company’s stock after selling 569 shares during the period. Exxon Mobil makes up about 0.9% of Rede Wealth LLC’s holdings, making the stock its 11th biggest position. Rede Wealth LLC’s holdings in Exxon Mobil were worth $2,408,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. 10Elms LLP acquired a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday. They set a “hold” rating and a $111.00 target price for the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius started coverage on Exxon Mobil in a report on Wednesday. They set a “hold” rating and a $111.00 price target for the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Finally, TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. One investment 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’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Stock Performance

XOM stock opened at $108.9850 on Friday. The business’s 50-day moving average price is $110.26 and its two-hundred day moving average price is $108.88. 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 firm has a market cap of $464.63 billion, a PE ratio of 15.48, a P/E/G ratio of 2.03 and a beta of 0.53. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.