Exxon Mobil Co. (NYSE:XOM) is RWWM Inc.’s 5th Largest Position

RWWM Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 972,730 shares of the oil and gas company’s stock after selling 23,589 shares during the quarter. Exxon Mobil comprises approximately 9.6% of RWWM Inc.’s holdings, making the stock its 5th biggest position. RWWM Inc.’s holdings in Exxon Mobil were worth $104,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Entruity Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $1,998,000. Sagespring Wealth Partners LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $4,935,000. Townsquare Capital LLC lifted its stake in shares of Exxon Mobil by 5.6% during the 4th quarter. Townsquare Capital LLC now owns 264,023 shares of the oil and gas company’s stock valued at $28,401,000 after buying an additional 13,983 shares in the last quarter. Crux Wealth Advisors bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $989,000. Finally, Nicolet Bankshares Inc. lifted its holdings in shares of Exxon Mobil by 0.7% in the fourth quarter. Nicolet Bankshares Inc. now owns 25,427 shares of the oil and gas company’s stock worth $2,735,000 after buying an additional 166 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 3.1 %

Exxon Mobil stock opened at $103.05 on Friday. The business has a 50-day simple moving average of $110.33 and a two-hundred day simple moving average of $113.19. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $445.70 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the firm posted $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.95.

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.