Exxon Mobil Co. (NYSE:XOM) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 14,560 shares of the oil and gas company’s stock after selling 660 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Exxon Mobil were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Smith Group Asset Management LLC raised its position in shares of Exxon Mobil by 0.8% in the fourth quarter. Smith Group Asset Management LLC now owns 147,710 shares of the oil and gas company’s stock worth $15,889,000 after acquiring an additional 1,228 shares during the period. Deane Retirement Strategies Inc. raised its position in shares of Exxon Mobil by 2.3% in the fourth quarter. Deane Retirement Strategies Inc. now owns 37,961 shares of the oil and gas company’s stock worth $4,083,000 after acquiring an additional 865 shares during the period. Twelve Points Wealth Management LLC raised its position in shares of Exxon Mobil by 22.9% in the fourth quarter. Twelve Points Wealth Management LLC now owns 22,349 shares of the oil and gas company’s stock worth $2,404,000 after acquiring an additional 4,165 shares during the period. Baker Boyer National Bank raised its position in shares of Exxon Mobil by 9.0% in the fourth quarter. Baker Boyer National Bank now owns 4,503 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 372 shares during the period. Finally, Gateway Wealth Partners LLC raised its position in shares of Exxon Mobil by 8.0% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,283 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 392 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.82 on Friday. 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 market capitalization of $469.48 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The company’s 50-day moving average is $110.66 and its two-hundred day moving average is $115.29. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter last year, the business earned $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XOM shares. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.30.

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.