Baron Silver Stevens Financial Advisors LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Baron Silver Stevens Financial Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,762 shares of the oil and gas company’s stock, valued at approximately $207,000.

Other institutional investors have also made changes to their positions in the company. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Exxon Mobil by 1.1% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 281,405 shares of the oil and gas company’s stock worth $32,986,000 after acquiring an additional 3,106 shares during the last quarter. O ROURKE & COMPANY Inc grew its holdings in Exxon Mobil by 6.3% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 1,978 shares of the oil and gas company’s stock valued at $232,000 after buying an additional 117 shares in the last quarter. Cordatus Wealth Management LLC increased its position in Exxon Mobil by 29.6% during the 3rd quarter. Cordatus Wealth Management LLC now owns 7,097 shares of the oil and gas company’s stock worth $832,000 after buying an additional 1,620 shares during the period. United Asset Strategies Inc. lifted its holdings in shares of Exxon Mobil by 2.0% during the third quarter. United Asset Strategies Inc. now owns 59,945 shares of the oil and gas company’s stock worth $7,027,000 after buying an additional 1,196 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Exxon Mobil by 10.0% in the third quarter. Rosenberg Matthew Hamilton now owns 11,241 shares of the oil and gas company’s stock valued at $1,318,000 after acquiring an additional 1,022 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.37.

Exxon Mobil Trading Down 1.5 %

NYSE XOM opened at $114.98 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The business’s fifty day moving average is $117.67 and its 200 day moving average is $116.36. 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 cap of $453.35 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

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.