Clarity Financial LLC Sells 4,268 Shares of Exxon Mobil Co. (NYSE:XOM)

Clarity Financial LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,323 shares of the oil and gas company’s stock after selling 4,268 shares during the quarter. Exxon Mobil accounts for about 2.9% of Clarity Financial LLC’s investment portfolio, making the stock its 13th biggest holding. Clarity Financial LLC’s holdings in Exxon Mobil were worth $24,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank grew its holdings in shares of Exxon Mobil by 5.9% in the third quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after acquiring an additional 50,214 shares during the period. GAMMA Investing LLC boosted its position in Exxon Mobil by 23.0% in the third quarter. GAMMA Investing LLC now owns 72,796 shares of the oil and gas company’s stock worth $8,533,000 after purchasing an additional 13,606 shares during the last quarter. Herbst Group LLC grew its stake in shares of Exxon Mobil by 1.3% during the 3rd quarter. Herbst Group LLC now owns 27,059 shares of the oil and gas company’s stock valued at $3,172,000 after purchasing an additional 350 shares during the period. WealthBridge Capital Management LLC increased its position in shares of Exxon Mobil by 10.9% during the 3rd quarter. WealthBridge Capital Management LLC now owns 14,209 shares of the oil and gas company’s stock valued at $1,666,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in shares of Exxon Mobil by 2.3% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 44,154 shares of the oil and gas company’s stock worth $5,176,000 after purchasing an additional 1,006 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 2.5 %

Shares of XOM opened at $106.82 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a market cap of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. The business has a fifty day moving average of $110.36 and a 200 day moving average of $115.23.

Exxon Mobil (NYSE:XOM) last released 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 quarter in the previous year, the firm earned $2.48 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Finally, UBS Group cut 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 assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.30.

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.