Aries Wealth Management lowered its position in Exxon Mobil Co. (NYSE:XOM) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure 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 quarter. Exxon Mobil makes up about 1.1% of Aries Wealth Management’s portfolio, making the stock its 24th biggest position. Aries Wealth Management’s holdings in Exxon Mobil were worth $1,981,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Exxon Mobil by 2.1% during the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock worth $7,840,960,000 after acquiring an additional 4,222,270 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Exxon Mobil by 0.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 27,626,740 shares of the oil and gas company’s stock worth $1,235,468,000 after purchasing an additional 75,034 shares during the period. Morgan Stanley boosted its stake in shares of Exxon Mobil by 18.6% during the first quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock valued at $779,653,000 after purchasing an additional 3,223,089 shares in the last quarter. Swiss National Bank increased its holdings in Exxon Mobil by 1.6% during the second quarter. Swiss National Bank now owns 17,386,892 shares of the oil and gas company’s stock valued at $777,542,000 after buying an additional 281,700 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Exxon Mobil by 9.2% in the second quarter. Principal Financial Group Inc. now owns 7,707,243 shares of the oil and gas company’s stock worth $344,668,000 after buying an additional 649,907 shares in 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. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $73.12. The stock has a market cap of $144.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.26. The business has a 50-day moving average price of $36.36 and a 200-day moving average price of $42.03.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. During the same quarter last year, the company posted $0.61 EPS. Exxon Mobil’s quarterly revenue was down 52.8% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.
XOM has been the subject of several recent research reports. Truist reduced their price target on Exxon Mobil from $44.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, October 9th. SunTrust Banks started coverage on shares of Exxon Mobil in a research report on Thursday, July 23rd. They set a “hold” rating and a $41.00 price target for the company. Scotiabank upgraded shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target on the stock in a report on Wednesday, September 23rd. Credit Suisse Group assumed coverage on shares of Exxon Mobil in a research note on Tuesday, August 4th. They set a “hold” rating and a $47.00 price objective for the company. Finally, Goldman Sachs Group upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Tuesday, October 13th. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have given a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price 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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