Inspirion Wealth Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,630 shares of the oil and gas company’s stock after buying an additional 517 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Exxon Mobil were worth $228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JGP Wealth Management LLC raised its holdings in Exxon Mobil by 1.8% in the 2nd quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock valued at $571,000 after acquiring an additional 239 shares during the last quarter. Cedar Brook Financial Partners LLC grew its position in shares of Exxon Mobil by 1.6% in the second quarter. Cedar Brook Financial Partners LLC now owns 15,329 shares of the oil and gas company’s stock valued at $686,000 after purchasing an additional 248 shares during the period. Vicus Capital increased its stake in Exxon Mobil by 0.9% in the second quarter. Vicus Capital now owns 27,905 shares of the oil and gas company’s stock valued at $1,248,000 after purchasing an additional 249 shares during the last quarter. Cedar Capital LLC lifted its position in Exxon Mobil by 2.6% during the second quarter. Cedar Capital LLC now owns 10,073 shares of the oil and gas company’s stock worth $450,000 after buying an additional 258 shares during the period. Finally, HighMark Wealth Management LLC lifted its position in Exxon Mobil by 8.8% during the second quarter. HighMark Wealth Management LLC now owns 3,244 shares of the oil and gas company’s stock worth $145,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

XOM has been the subject of a number of research analyst reports. Goldman Sachs Group raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price objective for the company from $33.00 to $36.00 in a research note on Tuesday, October 13th. Royal Bank of Canada upped their price target on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 3rd. Piper Sandler lifted their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Scotiabank raised shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a research note on Wednesday, September 23rd. Finally, SunTrust Banks assumed coverage on Exxon Mobil in a research report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 target price on the stock. Four analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $50.25.

Shares of Exxon Mobil stock opened at $34.10 on Friday. The company has a market capitalization of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. The business’s fifty day moving average price is $36.36 and its two-hundred day moving average price is $42.03. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $73.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. During the same quarter last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was down 52.8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post -0.32 earnings per share for the current fiscal year.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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