Aries Wealth Management lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,702 shares of the oil and gas company’s stock after selling 1,355 shares during the period. Exxon Mobil makes up about 1.1% of Aries Wealth Management’s investment portfolio, making the stock its 24th largest holding. Aries Wealth Management’s holdings in Exxon Mobil were worth $1,981,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of XOM. Reitz Capital Advisors LLC purchased a new position in Exxon Mobil in the second quarter worth about $33,000. Capstone Financial Group Inc. grew its holdings in shares of Exxon Mobil by 49.0% during the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 367 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $52,000. Evolution Wealth Advisors LLC raised its holdings in Exxon Mobil by 2,790.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $63,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Shares of XOM stock opened at $34.10 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The stock has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $42.03. The firm has a market capitalization of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $73.12.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.09). The business had revenue of $32.61 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.
Several research analysts have recently weighed in on XOM shares. Standpoint Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Friday, September 11th. Truist lowered their target price on shares of Exxon Mobil from $44.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Goldman Sachs Group upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $36.00 in a research note on Tuesday, October 13th. Cowen restated a “hold” rating and set a $34.00 price objective on shares of Exxon Mobil in a research report on Thursday, July 2nd. Finally, Credit Suisse Group assumed coverage on shares of Exxon Mobil in a report on Tuesday, August 4th. They issued a “hold” rating and a $47.00 target price on the stock. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $50.25.
About Exxon Mobil
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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