Exxon Mobil Co. (NYSE:XOM) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,326 shares of the oil and gas company’s stock after selling 540 shares during the period. Exxon Mobil makes up 1.0% of Cigna Investments Inc. New’s holdings, making the stock its 15th biggest position. Cigna Investments Inc. New’s holdings in Exxon Mobil were worth $5,430,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.98 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $453.35 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89. The business’s fifty day moving average price is $117.67 and its 200 day moving average price is $116.36.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.