Coston McIsaac & Partners Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Coston McIsaac & Partners trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,935 shares of the oil and gas company’s stock after selling 3,458 shares during the period. Coston McIsaac & Partners’ holdings in Exxon Mobil were worth $2,144,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. UBS Group decreased their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Scotiabank decreased their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Stock Performance

Shares of XOM opened at $106.82 on Monday. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The business has a 50-day simple moving average of $110.36 and a two-hundred day simple moving average of $115.23.

Exxon Mobil (NYSE:XOM) last released its 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 prior year, the firm posted $2.48 EPS. On average, analysts expect that Exxon Mobil Co. will post 7.74 EPS 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.