Exxon Mobil Co. (NYSE:XOM) Shares Sold by RWWM Inc.

RWWM Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 972,730 shares of the oil and gas company's stock after selling 23,589 shares during the quarter. Exxon Mobil accounts for approximately 9.6% of RWWM Inc.'s holdings, making the stock its 5th biggest holding. RWWM Inc.'s holdings in Exxon Mobil were worth $104,637,000 at the end of the most recent quarter.

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A number of other hedge funds also recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XOM shares. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. 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 given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.95.

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View Our Latest Report on XOM

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 3.1 %

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Shares of XOM stock opened at $103.05 on Friday. The stock has a market cap of $445.70 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The stock has a 50-day moving average of $110.33 and a 200-day moving average of $113.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) 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 analysts' consensus estimates 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 period last year, the company earned $2.48 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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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