Exxon Mobil Co. (NYSE:XOM) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,437 shares of the oil and gas company’s stock after selling 1,280 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Exxon Mobil were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. WFA Asset Management Corp increased its position in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $1,174,000. Marest Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $385,000. Albion Financial Group UT increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Albion Financial Group UT now owns 4,055 shares of the oil and gas company’s stock worth $471,000 after purchasing an additional 813 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $88,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.5 %

Shares of Exxon Mobil stock opened at $114.98 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $453.35 billion, a P/E ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. The business has a 50 day moving average price of $117.67 and a 200 day moving average price of $116.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $130.37.

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.