Perigon Wealth Management LLC Has $15.11 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Perigon Wealth Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,734 shares of the oil and gas company’s stock after selling 3,321 shares during the quarter. Perigon Wealth Management LLC’s holdings in Exxon Mobil were worth $15,110,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil in the 3rd quarter worth $54,000. Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil during the 3rd quarter worth $63,000. Finally, Annapolis Financial Services LLC boosted its holdings in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Read Our Latest Analysis on Exxon Mobil

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.48 on Friday. The firm has a market capitalization of $481.18 billion, a P/E ratio of 13.63, a P/E/G ratio of 2.86 and a beta of 0.91. The stock has a fifty day moving average price of $110.91 and a two-hundred day moving average price of $115.33. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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