Redhawk Wealth Advisors Inc. Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 24th, 2023

Redhawk Wealth Advisors Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 17.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,674 shares of the oil and gas company’s stock after selling 3,774 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $1,896,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Your Advocates Ltd. LLP grew its position in Exxon Mobil by 0.7% during the 1st quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock worth $1,335,000 after purchasing an additional 86 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position in Exxon Mobil by 0.8% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock worth $1,237,000 after purchasing an additional 87 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Exxon Mobil by 1.4% during the 1st quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock worth $719,000 after purchasing an additional 92 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Exxon Mobil by 1.2% during the 1st quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock worth $906,000 after purchasing an additional 95 shares during the last quarter. Finally, Darwin Wealth Management LLC grew its position in Exxon Mobil by 2.3% during the 1st quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on XOM shares. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. HSBC lifted their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $124.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.74.

View Our Latest Report on Exxon Mobil

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.94 on Friday. The firm has a market cap of $460.13 billion, a PE ratio of 9.20, a PEG ratio of 0.60 and a beta of 1.08. The firm has a fifty day moving average of $109.82 and a 200 day moving average of $108.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The company had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. Exxon Mobil’s revenue was down 28.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.14 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.17%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s payout ratio is presently 29.12%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction dated Monday, July 31st. The stock was acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Exxon Mobil Profile

(Free Report)

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.