Norway Savings Bank reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 30,833 shares of the oil and gas company’s stock after selling 380 shares during the quarter. Norway Savings Bank’s holdings in Exxon Mobil were worth $1,059,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. JGP Wealth Management LLC lifted its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock valued at $571,000 after acquiring an additional 239 shares during the last quarter. Cedar Brook Financial Partners LLC increased its holdings in Exxon Mobil by 1.6% in the 2nd quarter. Cedar Brook Financial Partners LLC now owns 15,329 shares of the oil and gas company’s stock worth $686,000 after purchasing an additional 248 shares in the last quarter. Vicus Capital raised its position in Exxon Mobil by 0.9% in the second quarter. Vicus Capital now owns 27,905 shares of the oil and gas company’s stock valued at $1,248,000 after purchasing an additional 249 shares during the last quarter. Cedar Capital LLC boosted its stake in shares of Exxon Mobil by 2.6% during the second quarter. Cedar Capital LLC now owns 10,073 shares of the oil and gas company’s stock valued at $450,000 after purchasing an additional 258 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its holdings in shares of Exxon Mobil by 8.8% during the second quarter. HighMark Wealth Management LLC now owns 3,244 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.
Shares of NYSE XOM opened at $34.10 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The firm has a market cap of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. The company’s fifty day simple moving average is $36.36 and its 200 day simple moving average is $42.03. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $73.12.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The company had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. During the same period last year, the company earned $0.61 EPS. Exxon Mobil’s revenue for the quarter was down 52.8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post -0.32 earnings per share for the current year.
XOM has been the topic of several recent research reports. Truist cut 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 report on Friday, October 9th. SunTrust Banks initiated coverage on shares of Exxon Mobil in a report on Thursday, July 23rd. They set a “hold” rating and a $41.00 price target on the stock. Scotiabank upgraded Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a report on Wednesday, September 23rd. Credit Suisse Group assumed coverage on Exxon Mobil in a report on Tuesday, August 4th. They set a “hold” rating and a $47.00 target price on the stock. Finally, Goldman Sachs Group upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Tuesday, October 13th. Four equities research 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 stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $50.25.
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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