SOL Capital Management CO Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

SOL Capital Management CO reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,158 shares of the oil and gas company’s stock after selling 496 shares during the quarter. SOL Capital Management CO’s holdings in Exxon Mobil were worth $985,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the period. Pacer Advisors Inc. grew its holdings in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the period. Franklin Resources Inc. raised its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after buying an additional 2,842,844 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 report on Monday, December 16th. Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Stock Down 2.5 %

Shares of NYSE:XOM opened at $106.82 on Monday. The firm has a market capitalization of $469.48 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The firm has a fifty day moving average of $110.36 and a 200 day moving average of $115.23.

Exxon Mobil (NYSE:XOM) last announced 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 period in the prior year, the business earned $2.48 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.74 EPS 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.