Royal Capital Wealth Management LLC Sells 207 Shares of Exxon Mobil Co. (NYSE:XOM)

Royal Capital Wealth Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,001 shares of the oil and gas company’s stock after selling 207 shares during the period. Exxon Mobil comprises 2.0% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Royal Capital Wealth Management LLC’s holdings in Exxon Mobil were worth $2,797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Finally, Clarity Asset Management Inc. increased its stake in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XOM shares. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada dropped their price objective on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Finally, BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $104.87 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $451.95 billion, a PE ratio of 13.38, a P/E/G ratio of 3.02 and a beta of 0.51. The business has a 50-day simple moving average of $108.85 and a two-hundred day simple moving average of $110.67. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. During the same period last year, the business posted $2.06 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s payout ratio is 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.