Quantum Financial Planning Services Inc. Purchases New Stake in Exxon Mobil Co. (NYSE:XOM)

Quantum Financial Planning Services Inc. purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,978 shares of the oil and gas company’s stock, valued at approximately $428,000. Exxon Mobil makes up approximately 0.2% of Quantum Financial Planning Services Inc.’s portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank boosted its stake in Exxon Mobil by 5.9% during the third quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock valued at $106,090,000 after buying an additional 50,214 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Exxon Mobil by 23.0% in the 3rd quarter. GAMMA Investing LLC now owns 72,796 shares of the oil and gas company’s stock valued at $8,533,000 after purchasing an additional 13,606 shares during the period. Herbst Group LLC boosted its position in shares of Exxon Mobil by 1.3% in the 3rd quarter. Herbst Group LLC now owns 27,059 shares of the oil and gas company’s stock valued at $3,172,000 after purchasing an additional 350 shares during the period. WealthBridge Capital Management LLC boosted its position in shares of Exxon Mobil by 10.9% in the 3rd quarter. WealthBridge Capital Management LLC now owns 14,209 shares of the oil and gas company’s stock valued at $1,666,000 after purchasing an additional 1,396 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Exxon Mobil by 2.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 44,154 shares of the oil and gas company’s stock valued at $5,176,000 after purchasing an additional 1,006 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group reduced their price objective on 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, TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Stock Performance

Shares of XOM opened at $106.82 on Monday. 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 stock has a 50-day moving average of $110.36 and a 200-day moving average of $115.23. The company has a market cap of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 last year, the company earned $2.48 earnings per share. On average, equities research analysts predict 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.