Norway Savings Bank lessened its position in Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,833 shares of the oil and gas company’s stock after selling 380 shares during the period. Norway Savings Bank’s holdings in Exxon Mobil were worth $1,059,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Reitz Capital Advisors LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $33,000. Financial Insights Inc. bought a new position in Exxon Mobil during the second quarter worth about $250,000. Capstone Financial Group Inc. grew its stake in Exxon Mobil by 49.0% in 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 acquiring an additional 367 shares during the period. Evolution Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 2,790.7% in the second 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 in the last quarter. Finally, Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $52,000. Institutional investors own 50.90% of the company’s stock.
A number of analysts recently issued reports on XOM shares. Morgan Stanley increased their target price on Exxon Mobil from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, August 21st. SunTrust Banks started coverage on shares of Exxon Mobil in a report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price target for the company. Piper Sandler raised their price objective on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Scotiabank raised shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 target price for the company in a research note on Wednesday, September 23rd. Finally, Royal Bank of Canada increased their target price on Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $50.25.
NYSE XOM opened at $34.10 on Friday. The firm has a market capitalization of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $36.36 and its two-hundred day moving average price is $42.03. Exxon Mobil Co. has a 1 year low of $30.11 and a 1 year 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 for the quarter, missing the consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm’s revenue for the quarter was down 52.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.
Exxon Mobil Company 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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