Legacy Trust Has $846,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Legacy Trust lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,864 shares of the oil and gas company’s stock after selling 324 shares during the period. Legacy Trust’s holdings in Exxon Mobil were worth $846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Pacer Advisors Inc. raised its stake in Exxon Mobil by 1,524.1% during the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock worth $585,818,000 after buying an additional 5,110,603 shares during the period. Franklin Resources Inc. boosted its holdings in Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 168.5% in the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday. Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, UBS Group lowered their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Trading Down 2.5 %

NYSE:XOM opened at $106.82 on Friday. The firm’s 50 day moving average is $110.36 and its 200 day moving average is $115.23. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The stock has a market capitalization of $469.48 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.84 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.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $2.48 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.74 earnings per share for the current 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.