Jeppson Wealth Management LLC grew its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,927 shares of the oil and gas company’s stock after buying an additional 655 shares during the period. Exxon Mobil makes up about 2.1% of Jeppson Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Jeppson Wealth Management LLC’s holdings in Exxon Mobil were worth $5,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in XOM. KFA Private Wealth Group LLC increased its position in shares of Exxon Mobil by 15.8% during the 4th quarter. KFA Private Wealth Group LLC now owns 6,593 shares of the oil and gas company’s stock valued at $709,000 after purchasing an additional 899 shares during the last quarter. VCI Wealth Management LLC grew its position in Exxon Mobil by 0.9% during the fourth quarter. VCI Wealth Management LLC now owns 21,362 shares of the oil and gas company’s stock valued at $2,298,000 after acquiring an additional 193 shares during the last quarter. Curbstone Financial Management Corp raised its stake in shares of Exxon Mobil by 2.1% during the fourth quarter. Curbstone Financial Management Corp now owns 40,976 shares of the oil and gas company’s stock worth $4,408,000 after acquiring an additional 838 shares in the last quarter. Buffington Mohr McNeal lifted its holdings in shares of Exxon Mobil by 19.6% in the 4th quarter. Buffington Mohr McNeal now owns 8,366 shares of the oil and gas company’s stock worth $900,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the 4th quarter. Diamant Asset Management Inc. now owns 13,069 shares of the oil and gas company’s stock valued at $1,406,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on XOM shares. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.
Exxon Mobil Stock Performance
Exxon Mobil stock opened at $109.48 on Friday. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The stock’s 50 day simple moving average is $110.91 and its two-hundred day simple moving average is $115.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market cap of $481.18 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.86 and a beta of 0.91.
Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
About Exxon Mobil
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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