Signature Estate & Investment Advisors LLC Acquires 4,836 Shares of Exxon Mobil Co. (NYSE:XOM)


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Signature Estate & Investment Advisors LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 49.8% in the 4th quarter, HoldingsChannel reports. The firm owned 14,551 shares of the oil and gas company’s stock after purchasing an additional 4,836 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Exxon Mobil were worth $600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Professional Financial Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $34,000. Holloway Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $38,000. BNC Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $64,000. Bainco International Investors acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $83,000. Finally, Avondale Wealth Management grew its stake in shares of Exxon Mobil by 58.6% during the third quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 803 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

A number of equities research analysts recently commented on the company. Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a research note on Friday, September 18th. Scotiabank raised Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a research note on Wednesday, September 23rd. Truist Financial boosted their target price on Exxon Mobil from $39.00 to $45.00 in a research note on Friday, December 18th. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Saturday, December 19th. Finally, Wells Fargo & Company raised Exxon Mobil from an “equal weight” rating to an “overweight” rating and set a $53.00 target price for the company in a research note on Tuesday, December 15th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.96.

XOM opened at $48.42 on Thursday. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $69.59. The firm has a market capitalization of $204.73 billion, a PE ratio of 28.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The business’s 50-day simple moving average is $42.39 and its 200 day simple moving average is $39.63.

Exxon Mobil (NYSE:XOM) last released its earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.07. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $48.36 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Exxon Mobil’s revenue was down 29.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post -0.52 earnings per share 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.

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

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