Alpha Cubed Investments LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,336 shares of the oil and gas company’s stock after selling 2,120 shares during the period. Alpha Cubed Investments LLC’s holdings in Exxon Mobil were worth $355,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bernicke Wealth Management Ltd. boosted its position in Exxon Mobil by 9.3% in the 2nd quarter. Bernicke Wealth Management Ltd. now owns 6,675 shares of the oil and gas company’s stock valued at $299,000 after buying an additional 566 shares during the last quarter. Wills Financial Group Inc. boosted its position in Exxon Mobil by 12.8% in the 2nd quarter. Wills Financial Group Inc. now owns 25,512 shares of the oil and gas company’s stock valued at $1,141,000 after buying an additional 2,885 shares during the last quarter. Loveless Wealth Management LLC boosted its position in Exxon Mobil by 1.7% in the 2nd quarter. Loveless Wealth Management LLC now owns 146,721 shares of the oil and gas company’s stock valued at $6,561,000 after buying an additional 2,450 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Exxon Mobil by 4.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,624,751 shares of the oil and gas company’s stock valued at $72,660,000 after buying an additional 73,172 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Exxon Mobil by 6.0% during the second quarter. DNB Asset Management AS now owns 579,246 shares of the oil and gas company’s stock worth $25,904,000 after purchasing an additional 32,854 shares during the last quarter. 50.90% of the stock is owned by institutional investors.

Several equities analysts have recently commented on XOM shares. SunTrust Banks started coverage on shares of Exxon Mobil in a research report on Thursday, July 23rd. They set a “hold” rating and a $41.00 price target on the stock. Piper Sandler increased their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Royal Bank of Canada increased their price target on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 3rd. MKM Partners started coverage on shares of Exxon Mobil in a research report on Wednesday, September 9th. They set a “buy” rating and a $55.00 price target on the stock. Finally, Standpoint Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research report on Friday, September 11th. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.25.

NYSE XOM opened at $34.10 on Friday. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $73.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The firm has a market capitalization of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. The company’s 50 day simple moving average is $36.36 and its 200 day simple moving average is $42.03.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same quarter in the prior year, the business earned $0.61 EPS. Exxon Mobil’s revenue was down 52.8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post -0.32 earnings per share for the current fiscal year.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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