Pacific Capital Wealth Advisors Inc. Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Pacific Capital Wealth Advisors Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 19.8% during the fourth quarter, Holdings Channel reports. The firm owned 584 shares of the oil and gas company’s stock after selling 144 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $63,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Exxon Mobil by 9,314.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after acquiring an additional 782,381 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Exxon Mobil by 9.2% in the second quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after purchasing an additional 3,145 shares in the last quarter. Mattson Financial Services LLC purchased a new position in Exxon Mobil during the second quarter valued at $1,397,000. Global Wealth Strategies & Associates boosted its holdings in shares of Exxon Mobil by 9.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,198 shares of the oil and gas company’s stock valued at $258,000 after buying an additional 197 shares in the last quarter. Finally, Doliver Advisors LP grew its position in shares of Exxon Mobil by 0.6% in the 3rd quarter. Doliver Advisors LP now owns 1,142,247 shares of the oil and gas company’s stock worth $133,894,000 after buying an additional 7,317 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $109.48 on Friday. The firm has a market cap of $481.18 billion, a PE ratio of 13.63, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $110.91 and a two-hundred day simple moving average of $115.33.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XOM shares. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. 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. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, UBS Group reduced their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.