Heritage Financial Services LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Heritage Financial Services LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,591 shares of the oil and gas company’s stock after selling 3,090 shares during the period. Heritage Financial Services LLC’s holdings in Exxon Mobil were worth $1,354,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in Exxon Mobil during the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. bought a new position in Exxon Mobil during the 3rd quarter valued at about $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 worth $90,000 after acquiring an additional 567 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.5 %

Shares of XOM stock opened at $106.82 on Monday. The stock has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm’s 50 day moving average price is $110.36 and its two-hundred day moving average price is $115.23.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter last year, the firm earned $2.48 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on XOM shares. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Finally, Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

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.