Barnes Pettey Financial Advisors LLC Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Barnes Pettey Financial Advisors LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 6,175 shares of the oil and gas company’s stock after selling 355 shares during the period. Barnes Pettey Financial Advisors LLC’s holdings in Exxon Mobil were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter worth about $54,000. Harbor Capital Advisors Inc. acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $63,000. Finally, Annapolis Financial Services LLC boosted its holdings in Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday. Mizuho lowered their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Stock Performance

Shares of XOM opened at $106.82 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The stock has a 50-day moving average of $110.36 and a 200-day moving average of $115.23. The company has a market cap of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same period in the prior year, the company posted $2.48 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.74 EPS for the current fiscal year.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.