Exxon Mobil Co. (NYSE:XOM) Shares Sold by Hartford Financial Management Inc.

Hartford Financial Management Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 50,059 shares of the oil and gas company’s stock after selling 248 shares during the period. Exxon Mobil accounts for approximately 1.1% of Hartford Financial Management Inc.’s holdings, making the stock its 25th largest holding. Hartford Financial Management Inc.’s holdings in Exxon Mobil were worth $5,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Quantum Financial Planning Services Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $428,000. Sonora Investment Management Group LLC raised its stake in shares of Exxon Mobil by 1.3% during the fourth quarter. Sonora Investment Management Group LLC now owns 67,341 shares of the oil and gas company’s stock valued at $7,244,000 after purchasing an additional 858 shares during the period. Boomfish Wealth Group LLC raised its stake in shares of Exxon Mobil by 6.7% during the fourth quarter. Boomfish Wealth Group LLC now owns 16,679 shares of the oil and gas company’s stock valued at $1,794,000 after purchasing an additional 1,049 shares during the period. Oak Harvest Investment Services raised its stake in shares of Exxon Mobil by 7.9% during the fourth quarter. Oak Harvest Investment Services now owns 34,177 shares of the oil and gas company’s stock valued at $3,676,000 after purchasing an additional 2,501 shares during the period. Finally, Cibc World Market Inc. raised its stake in shares of Exxon Mobil by 26.1% during the fourth quarter. Cibc World Market Inc. now owns 721,865 shares of the oil and gas company’s stock valued at $77,651,000 after purchasing an additional 149,540 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Finally, HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a fifty day moving average of $110.36 and a 200-day moving average of $115.23.

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 net margin of 9.61% and a return on equity of 14.73%. During the same quarter last year, the company posted $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

Exxon Mobil 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.