Raymond James Trust N.A. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 large investors also recently added to or reduced their stakes in the company. Reitz Capital Advisors LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $33,000. Capstone Financial Group Inc. boosted its holdings in shares of Exxon Mobil by 49.0% during the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 367 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $52,000. Evolution Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil by 2,790.7% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock valued at $56,000 after buying an additional 1,200 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

XOM stock opened at $34.10 on Friday. 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. The company has a market capitalization of $144.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.26. The business has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $42.03.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). The firm 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 firm’s revenue was down 52.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.

A number of analysts have recently commented on XOM shares. Cowen restated a “hold” rating and set a $34.00 target price on shares of Exxon Mobil in a report on Thursday, July 2nd. SunTrust Banks started coverage on shares of Exxon Mobil in a report on Thursday, July 23rd. They set a “hold” rating and a $41.00 target price on the stock. Raymond James restated a “sell” rating on shares of Exxon Mobil in a report on Friday, September 18th. Truist dropped their price target on shares of Exxon Mobil from $44.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Finally, Goldman Sachs Group upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price target for the stock from $33.00 to $36.00 in a research note on Tuesday, October 13th. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price 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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