Oak Harvest Investment Services Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Oak Harvest Investment Services lessened its position in Exxon Mobil Co. (NYSE:XOM) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,676 shares of the oil and gas company’s stock after selling 1,093 shares during the quarter. Oak Harvest Investment Services’ holdings in Exxon Mobil were worth $3,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.5 %

XOM opened at $114.98 on Friday. The business has a 50 day moving average price of $117.67 and a two-hundred day moving average price of $116.36. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $453.35 billion, a PE ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm 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%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current year.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Truist Financial lowered their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday. Finally, Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.37.

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.