Earnest Partners LLC Purchases 4,185 Shares of Exxon Mobil Co. (NYSE:XOM)

Earnest Partners LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 22.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,910 shares of the oil and gas company’s stock after purchasing an additional 4,185 shares during the quarter. Earnest Partners LLC’s holdings in Exxon Mobil were worth $2,663,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC bought a new position in Exxon Mobil in the fourth quarter valued at $313,000. Syntegra Private Wealth Group LLC grew its stake in shares of Exxon Mobil by 12.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 2,116 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 230 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $744,000. Clear Harbor Asset Management LLC grew its stake in shares of Exxon Mobil by 0.8% during the fourth quarter. Clear Harbor Asset Management LLC now owns 25,198 shares of the oil and gas company’s stock valued at $2,519,000 after buying an additional 201 shares during the last quarter. Finally, Brave Asset Management Inc. grew its stake in shares of Exxon Mobil by 6.1% during the fourth quarter. Brave Asset Management Inc. now owns 8,763 shares of the oil and gas company’s stock valued at $876,000 after buying an additional 501 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. UBS Group raised their price objective on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Mizuho increased their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.78.

Exxon Mobil Stock Up 1.2 %

Shares of XOM traded up $1.43 on Tuesday, hitting $117.53. 2,794,789 shares of the stock traded hands, compared to its average volume of 17,449,156. The company has a market capitalization of $463.42 billion, a PE ratio of 14.39, a P/E/G ratio of 4.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50 day simple moving average of $113.81 and a 200 day simple moving average of $111.74. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $2.83 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

About Exxon Mobil

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.