Steigerwald Gordon & Koch Inc. Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Steigerwald Gordon & Koch Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 51.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,939 shares of the oil and gas company’s stock after selling 37,448 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Exxon Mobil were worth $1,234,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. JGP Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% in the second quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock valued at $571,000 after purchasing an additional 239 shares during the period. Cedar Brook Financial Partners LLC raised its position in Exxon Mobil by 1.6% during the 2nd quarter. Cedar Brook Financial Partners LLC now owns 15,329 shares of the oil and gas company’s stock valued at $686,000 after purchasing an additional 248 shares in the last quarter. Vicus Capital lifted its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vicus Capital now owns 27,905 shares of the oil and gas company’s stock worth $1,248,000 after buying an additional 249 shares during the period. Cedar Capital LLC increased 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 buying an additional 258 shares during the period. Finally, HighMark Wealth Management LLC increased its stake 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 valued at $145,000 after buying an additional 262 shares during the period. 50.90% of the stock is owned by hedge funds and other institutional investors.

XOM has been the topic of several recent research reports. Piper Sandler increased their target price 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 price objective on the stock in a report on Wednesday, September 23rd. Credit Suisse Group started coverage on Exxon Mobil in a report on Tuesday, August 4th. They set a “hold” rating and a $47.00 target price for the company. Morgan Stanley increased their target price on Exxon Mobil from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Finally, Raymond James reissued a “sell” rating on shares of Exxon Mobil in a research report on Friday, September 18th. Four 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 company. Exxon Mobil has a consensus rating of “Hold” and an average price target of $50.25.

NYSE:XOM opened at $34.10 on Friday. The company 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. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $73.12. The firm has a fifty day simple moving average of $36.36 and a 200-day simple moving average 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) EPS for the quarter, missing the Zacks’ 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 business’s revenue was down 52.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Equities analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current 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.

See Also: Cost of Debt

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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