BankPlus Wealth Management LLC Takes $422,000 Position in Exxon Mobil Co. (NYSE:XOM)

BankPlus Wealth Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,926 shares of the oil and gas company’s stock, valued at approximately $422,000.

Several other institutional investors also recently bought and sold shares of XOM. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $63,000. Finally, Annapolis Financial Services LLC grew its stake in Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. TD Cowen reduced their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. BMO Capital Markets raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 0.7 %

Shares of NYSE XOM opened at $109.48 on Friday. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The stock has a market cap of $481.18 billion, a P/E ratio of 13.63, a PEG ratio of 2.86 and a beta of 0.91. 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 business’s fifty day simple moving average is $110.91 and its 200-day simple moving average is $115.33.

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