Measured Wealth Private Client Group LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 36.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,123 shares of the oil and gas company’s stock after buying an additional 8,617 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Exxon Mobil were worth $1,103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. JGP Wealth Management LLC raised its position in Exxon Mobil by 1.8% during the 2nd quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock worth $571,000 after buying an additional 239 shares during the last quarter. Cedar Brook Financial Partners LLC raised its position in Exxon Mobil by 1.6% during the 2nd quarter. Cedar Brook Financial Partners LLC now owns 15,329 shares of the oil and gas company’s stock worth $686,000 after buying an additional 248 shares during the last quarter. Vicus Capital raised its position in Exxon Mobil by 0.9% during the 2nd quarter. Vicus Capital now owns 27,905 shares of the oil and gas company’s stock worth $1,248,000 after buying an additional 249 shares during the last quarter. Cedar Capital LLC raised its position in Exxon Mobil by 2.6% during the 2nd quarter. Cedar Capital LLC now owns 10,073 shares of the oil and gas company’s stock worth $450,000 after buying an additional 258 shares during the last quarter. Finally, HighMark Wealth Management LLC raised its position in Exxon Mobil by 8.8% during the 2nd quarter. HighMark Wealth Management LLC now owns 3,244 shares of the oil and gas company’s stock worth $145,000 after buying an additional 262 shares during the last quarter. Institutional investors own 50.90% of the company’s stock.

A number of equities analysts have recently issued reports on XOM shares. MKM Partners started coverage on shares of Exxon Mobil in a report on Wednesday, September 9th. They issued a “buy” rating and a $55.00 price target for the company. Credit Suisse Group started coverage on shares of Exxon Mobil in a report on Tuesday, August 4th. They issued a “hold” rating and a $47.00 price target for the company. Piper Sandler increased their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Morgan Stanley increased their price target on shares of Exxon Mobil from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, August 21st. Finally, Goldman Sachs Group upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and increased their price target for the company from $33.00 to $36.00 in a report on Tuesday, October 13th. Four equities research 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. The stock presently has a consensus rating of “Hold” and an average target price of $50.25.

Exxon Mobil stock 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 stock has a market capitalization of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. The firm’s 50-day moving average is $36.36 and its two-hundred day moving average is $42.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $38.16 billion. During the same period in the prior year, the business earned $0.61 earnings per share. Exxon Mobil’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current year.

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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