Abel Hall LLC Sells 1,093 Shares of Exxon Mobil Co. (NYSE:XOM)

Abel Hall LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,357 shares of the oil and gas company’s stock after selling 1,093 shares during the period. Exxon Mobil accounts for approximately 0.8% of Abel Hall LLC’s portfolio, making the stock its 22nd largest holding. Abel Hall LLC’s holdings in Exxon Mobil were worth $1,329,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter worth about $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the 3rd quarter valued at about $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil in the third quarter worth about $63,000. Finally, Annapolis Financial Services LLC boosted its position in shares of Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 2.5 %

Shares of NYSE:XOM opened at $106.82 on Friday. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $110.36 and its 200-day moving average price is $115.23. The stock has a market capitalization of $469.48 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 period in the previous year, the firm earned $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Exxon Mobil Profile

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.