Comprehensive Portfolio Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,518 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Comprehensive Portfolio Management LLC’s holdings in Exxon Mobil were worth $922,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in XOM. Cordasco Financial Network raised its stake in shares of Exxon Mobil by 4.1% in the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 148 shares in the last quarter. Sippican Capital Advisors grew its holdings in shares of Exxon Mobil by 1.0% in the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 150 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of Exxon Mobil by 0.5% in the 4th quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock worth $2,484,000 after purchasing an additional 170 shares during the last quarter. Triangle Securities Wealth Management grew its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. Triangle Securities Wealth Management now owns 48,699 shares of the oil and gas company’s stock worth $3,321,000 after purchasing an additional 194 shares during the last quarter. Finally, Paragon Wealth Strategies LLC grew its holdings in shares of Exxon Mobil by 2.6% in the 4th quarter. Paragon Wealth Strategies LLC now owns 8,393 shares of the oil and gas company’s stock worth $572,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 54.53% of the company’s stock.
Shares of XOM opened at $80.65 on Tuesday. The company has a market cap of $347.26 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 4.02 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a $76.00 target price on shares of Exxon Mobil in a report on Thursday, April 11th. Wells Fargo & Co upped their target price on shares of Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Sunday, January 6th. Tudor Pickering assumed coverage on shares of Exxon Mobil in a report on Monday, April 8th. They issued a “hold” rating and a $82.49 target price on the stock. Finally, Mizuho set a $84.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average target price of $84.71.
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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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