Exxon Mobil Corporation $XOM Shares Sold by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,311 shares of the oil and gas company’s stock after selling 1,273 shares during the period. Mccarter Private Wealth Services LLC’s holdings in Exxon Mobil were worth $896,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Haven Private LLC boosted its position in shares of Exxon Mobil by 38.7% in the second quarter. Haven Private LLC now owns 3,246 shares of the oil and gas company’s stock worth $350,000 after acquiring an additional 905 shares during the last quarter. Bridgewealth Advisory Group LLC boosted its position in shares of Exxon Mobil by 27.4% in the second quarter. Bridgewealth Advisory Group LLC now owns 13,133 shares of the oil and gas company’s stock worth $1,416,000 after acquiring an additional 2,828 shares during the last quarter. Linscomb Wealth Inc. boosted its position in shares of Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after acquiring an additional 5,527 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Exxon Mobil by 13.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 56,010 shares of the oil and gas company’s stock worth $6,038,000 after acquiring an additional 6,846 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in shares of Exxon Mobil by 3.0% in the second quarter. AMG National Trust Bank now owns 80,417 shares of the oil and gas company’s stock worth $8,669,000 after acquiring an additional 2,368 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on XOM shares. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Down 0.2%

Shares of XOM stock opened at $114.52 on Friday. The stock has a market cap of $488.21 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The firm’s 50 day moving average price is $113.26 and its two-hundred day moving average price is $109.94.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

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.