Raymond James Trust N.A. decreased its position in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,134 shares of the oil and gas company’s stock after selling 11,696 shares during the period. Raymond James Trust N.A.’s holdings in Exxon Mobil were worth $7,317,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Reitz Capital Advisors LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $33,000. Capstone Financial Group Inc. boosted its stake in Exxon Mobil by 49.0% in the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 367 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in Exxon Mobil in the 1st quarter worth about $52,000. Evolution Wealth Advisors LLC boosted its stake in Exxon Mobil by 2,790.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the 2nd quarter worth about $63,000. Institutional investors own 50.90% of the company’s stock.

NYSE XOM opened at $34.10 on Friday. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $73.12. The firm has a market capitalization of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $36.36 and a 200-day moving average price of $42.03.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The company had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company’s revenue was down 52.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current year.

A number of brokerages recently issued reports on XOM. Cowen reiterated a “hold” rating and issued a $34.00 price target on shares of Exxon Mobil in a research note on Thursday, July 2nd. Piper Sandler boosted their target price on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Truist decreased their target price on Exxon Mobil from $44.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Morgan Stanley boosted their target price on Exxon Mobil from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, August 21st. Finally, Standpoint Research raised Exxon Mobil from a “hold” rating to a “buy” rating in a research report on Friday, September 11th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.25.

Exxon Mobil 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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