Ballast Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,281 shares of the oil and gas company’s stock after acquiring an additional 416 shares during the period. Ballast Inc.’s holdings in Exxon Mobil were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Reitz Capital Advisors LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth about $33,000. Financial Insights Inc. bought a new stake in Exxon Mobil during the second quarter worth approximately $250,000. Capstone Financial Group Inc. increased its stake in Exxon Mobil by 49.0% during the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 367 shares during the last quarter. Evolution Wealth Advisors LLC increased its stake in Exxon Mobil by 2,790.7% during the second quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC bought a new stake in Exxon Mobil during the first quarter worth approximately $52,000. Institutional investors and hedge funds own 50.90% of the company’s stock.

Shares of NYSE:XOM opened at $34.10 on Friday. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $73.12. The stock has a market cap of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. The business’s 50 day moving average is $36.36 and its 200 day moving average is $42.03. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

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

XOM has been the topic of several analyst reports. Piper Sandler boosted their price objective on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Cowen reissued a “hold” rating and set a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. Truist reduced their price objective on Exxon Mobil from $44.00 to $41.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. Morgan Stanley boosted their price objective on Exxon Mobil from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, August 21st. Finally, SunTrust Banks assumed coverage on Exxon Mobil in a research note on Thursday, July 23rd. They set a “hold” rating and a $41.00 target price on the stock. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.25.

About Exxon Mobil

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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