Mattern Wealth Management LLC Sells 3,730 Shares of Exxon Mobil Co. (NYSE:XOM)

Mattern Wealth Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,017 shares of the oil and gas company’s stock after selling 3,730 shares during the quarter. Mattern Wealth Management LLC’s holdings in Exxon Mobil were worth $2,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XOM. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. bought a new position in Exxon Mobil during the 3rd quarter worth approximately $63,000. Finally, Annapolis Financial Services LLC increased its stake in Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.7 %

Shares of NYSE XOM opened at $109.48 on Friday. The stock has a market cap of $481.18 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. 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 1 year low of $100.42 and a 1 year high of $126.34. The firm has a 50-day moving average of $110.91 and a 200 day moving average of $115.33.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.