Measured Wealth Private Client Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 36.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,123 shares of the oil and gas company’s stock after purchasing an additional 8,617 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Exxon Mobil were worth $1,103,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Exxon Mobil by 2.1% during the first quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after acquiring an additional 4,222,270 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Exxon Mobil by 0.3% during the second quarter. First Eagle Investment Management LLC now owns 27,626,740 shares of the oil and gas company’s stock valued at $1,235,468,000 after acquiring an additional 75,034 shares during the period. Morgan Stanley boosted its holdings in shares of Exxon Mobil by 18.6% during the first quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock valued at $779,653,000 after acquiring an additional 3,223,089 shares during the period. Swiss National Bank boosted its holdings in shares of Exxon Mobil by 1.6% during the second quarter. Swiss National Bank now owns 17,386,892 shares of the oil and gas company’s stock valued at $777,542,000 after acquiring an additional 281,700 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Exxon Mobil by 9.2% during the second quarter. Principal Financial Group Inc. now owns 7,707,243 shares of the oil and gas company’s stock valued at $344,668,000 after acquiring an additional 649,907 shares during the period. 50.90% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on XOM. Royal Bank of Canada upped their price objective on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 3rd. Piper Sandler upped their price objective on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Goldman Sachs Group raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, October 13th. Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a report on Friday, September 18th. Finally, SunTrust Banks began coverage on shares of Exxon Mobil in a report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price objective for the company. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have issued a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $50.25.
NYSE XOM opened at $34.10 on Friday. The company has a market cap of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year high of $73.12. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average price is $36.36 and its two-hundred day moving average price is $42.03.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). The business had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. Exxon Mobil’s revenue for the quarter was down 52.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. Research analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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