Court Place Advisors LLC Has $3.86 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Court Place Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,897 shares of the oil and gas company’s stock after selling 5,825 shares during the period. Exxon Mobil makes up approximately 1.3% of Court Place Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Court Place Advisors LLC’s holdings in Exxon Mobil were worth $3,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JDH Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth $571,000. Nilsine Partners LLC raised its stake in Exxon Mobil by 10.7% during the 4th quarter. Nilsine Partners LLC now owns 56,644 shares of the oil and gas company’s stock worth $6,093,000 after buying an additional 5,478 shares during the period. Berkshire Bank lifted its holdings in Exxon Mobil by 0.9% during the fourth quarter. Berkshire Bank now owns 50,949 shares of the oil and gas company’s stock worth $5,481,000 after acquiring an additional 475 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Exxon Mobil by 15.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 299,874 shares of the oil and gas company’s stock valued at $32,257,000 after acquiring an additional 39,693 shares during the period. Finally, Parsons Capital Management Inc. RI raised its position in shares of Exxon Mobil by 0.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 251,216 shares of the oil and gas company’s stock worth $27,023,000 after purchasing an additional 726 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.48 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50-day moving average of $110.91 and a 200-day moving average of $115.33. The company has a market cap of $481.18 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on XOM shares. Piper Sandler lowered their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. UBS Group cut their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.