Sunburst Financial Group LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Sunburst Financial Group LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,459 shares of the oil and gas company’s stock after selling 106 shares during the period. Sunburst Financial Group LLC’s holdings in Exxon Mobil were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Diversify Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 35.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 20,253 shares of the oil and gas company’s stock valued at $2,436,000 after buying an additional 5,285 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Exxon Mobil by 7.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 156,123 shares of the oil and gas company’s stock valued at $18,301,000 after buying an additional 11,165 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of Exxon Mobil by 4.7% in the 3rd quarter. WASHINGTON TRUST Co now owns 46,779 shares of the oil and gas company’s stock valued at $5,483,000 after buying an additional 2,090 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $244,000. Finally, Golden State Equity Partners boosted its holdings in shares of Exxon Mobil by 11.0% in the 3rd quarter. Golden State Equity Partners now owns 24,067 shares of the oil and gas company’s stock valued at $2,821,000 after buying an additional 2,393 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $116.71 on Friday. The company has a 50-day simple moving average of $117.70 and a 200-day simple moving average of $116.40. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $460.19 billion, a PE ratio of 14.30, a P/E/G ratio of 5.00 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. Equities research analysts predict that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XOM shares. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $130.37.

About Exxon Mobil

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.