Coston McIsaac & Partners Sells 3,458 Shares of Exxon Mobil Co. (NYSE:XOM)

Coston McIsaac & Partners decreased its position in Exxon Mobil Co. (NYSE:XOM) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,935 shares of the oil and gas company’s stock after selling 3,458 shares during the quarter. Coston McIsaac & Partners’ holdings in Exxon Mobil were worth $2,144,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter worth about $63,000. Finally, Annapolis Financial Services LLC increased its stake in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 567 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Trading Down 2.5 %

Shares of NYSE:XOM opened at $106.82 on Monday. The business’s 50-day moving average is $110.36 and its 200 day moving average is $115.23. The firm has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 in the previous year, the company earned $2.48 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

Exxon Mobil Company 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.