Clarity Financial LLC Sells 4,268 Shares of Exxon Mobil Co. (NYSE:XOM)

Clarity Financial LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,323 shares of the oil and gas company’s stock after selling 4,268 shares during the quarter. Exxon Mobil accounts for approximately 2.9% of Clarity Financial LLC’s investment portfolio, making the stock its 13th largest holding. Clarity Financial LLC’s holdings in Exxon Mobil were worth $24,668,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Morgan Stanley increased their price objective on Exxon Mobil from $139.00 to $140.00 in a report on Friday. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Stock Down 2.5 %

XOM stock opened at $106.82 on Monday. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s fifty day moving average is $110.36 and its 200 day moving average is $115.23. The firm 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 (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $2.48 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.74 EPS for the current 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.