Greenup Street Wealth Management LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Greenup Street Wealth Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,982 shares of the oil and gas company’s stock after purchasing an additional 773 shares during the period. Greenup Street Wealth Management LLC’s holdings in Exxon Mobil were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Exxon Mobil by 9,314.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock valued at $91,035,000 after acquiring an additional 782,381 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Exxon Mobil by 9.2% during the second quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after purchasing an additional 3,145 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $1,397,000. Global Wealth Strategies & Associates grew its position in Exxon Mobil by 9.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,198 shares of the oil and gas company’s stock valued at $258,000 after buying an additional 197 shares during the last quarter. Finally, Doliver Advisors LP increased its stake in Exxon Mobil by 0.6% in the 3rd quarter. Doliver Advisors LP now owns 1,142,247 shares of the oil and gas company’s stock valued at $133,894,000 after buying an additional 7,317 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.7 %

Shares of XOM opened at $109.48 on Friday. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $110.91 and a 200-day simple moving average of $115.33. The stock has a market cap of $481.18 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

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