Inlet Private Wealth LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 464,294 shares of the oil and gas company’s stock after selling 766 shares during the quarter. Exxon Mobil makes up approximately 6.2% of Inlet Private Wealth LLC’s portfolio, making the stock its 2nd largest holding. Inlet Private Wealth LLC’s holdings in Exxon Mobil were worth $15,939,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Reitz Capital Advisors LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $33,000. Financial Insights Inc. bought a new stake in shares of Exxon Mobil in the 2nd quarter worth about $250,000. Capstone Financial Group Inc. grew its holdings in shares of 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 during the last quarter. Evolution Wealth Advisors LLC grew its holdings in shares of 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 during the last quarter. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in Exxon Mobil during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 50.90% of the company’s stock.
Shares of NYSE XOM traded down $0.35 during mid-day trading on Friday, reaching $34.10. The company had a trading volume of 22,636,950 shares, compared to its average volume of 28,164,328. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. Exxon Mobil Co. has a one year low of $30.11 and a one year high of $73.12. The firm has a market cap of $144.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.26. The business’s 50-day simple moving average is $36.36 and its 200 day simple moving average is $42.03.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company had revenue of $32.61 billion during the quarter, compared to the consensus estimate of $38.16 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s revenue for the quarter was down 52.8% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current year.
Several brokerages recently issued reports on XOM. Truist reduced 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 report on Friday, October 9th. Credit Suisse Group began coverage on shares of Exxon Mobil in a research report on Tuesday, August 4th. They set a “hold” rating and a $47.00 price target on the stock. Piper Sandler upped their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. 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 report on Tuesday, October 13th. Finally, MKM Partners initiated coverage on shares of Exxon Mobil in a research report on Wednesday, September 9th. They set a “buy” rating and a $55.00 price target on the stock. Four research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.25.
About Exxon Mobil
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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