Wetzel Investment Advisors Inc. Sells 361 Shares of Exxon Mobil Co. (NYSE:XOM)

Wetzel Investment Advisors Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,618 shares of the oil and gas company’s stock after selling 361 shares during the period. Wetzel Investment Advisors Inc.’s holdings in Exxon Mobil were worth $819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after purchasing an additional 5,110,603 shares in the last quarter. Franklin Resources Inc. grew its position in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after purchasing an additional 2,842,844 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Piper Sandler lowered their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 0.7 %

Shares of Exxon Mobil stock opened at $109.48 on Friday. Exxon Mobil Co. has a twelve month low of $100.42 and a twelve month high of $126.34. The firm’s 50-day moving average price is $110.91 and its 200 day moving average price is $115.33. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $481.18 billion, a PE ratio of 13.63, a P/E/G ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) 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 analyst estimates of $93.98 billion. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil 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.