Segment Wealth Management LLC decreased its stake in shares of ExxonMobil (NYSE:XOM) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,431 shares of the oil and gas company’s stock after selling 8,422 shares during the period. ExxonMobil accounts for about 1.6% of Segment Wealth Management LLC’s holdings, making the stock its 9th largest position. Segment Wealth Management LLC’s holdings in ExxonMobil were worth $6,727,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Asset Management Advisors LLC boosted its stake in ExxonMobil by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in ExxonMobil by 1.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares during the period. Lehman Financial Resources Inc. boosted its stake in ExxonMobil by 0.5% during the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the period. Intellectus Partners LLC boosted its stake in ExxonMobil by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 41 shares during the period. Finally, Bellwether Investment Group LLC boosted its stake in ExxonMobil by 1.3% during the 2nd quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock valued at $271,000 after purchasing an additional 44 shares during the period. 53.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of XOM opened at $74.87 on Monday. ExxonMobil has a 1 year low of $72.15 and a 1 year high of $89.30. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $317,258.78, a PE ratio of 20.86, a P/E/G ratio of 1.12 and a beta of 0.91.
ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The company had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts expect that ExxonMobil will post 4.8 earnings per share for the current year.
Several analysts recently weighed in on the company. Goldman Sachs restated a “neutral” rating and set a $96.00 target price on shares of ExxonMobil in a research note on Thursday, February 1st. Wells Fargo set a $88.00 target price on ExxonMobil and gave the company a “neutral” rating in a research note on Thursday, January 11th. Vetr upgraded ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $92.90 target price for the company in a research note on Wednesday, December 13th. Barclays downgraded ExxonMobil from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $91.00 to $84.00 in a research note on Tuesday, February 6th. Finally, Bank of America set a $100.00 target price on ExxonMobil and gave the company a “buy” rating in a research note on Wednesday, March 7th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $86.55.
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ExxonMobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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