Exxon Mobil Co. (NYSE:XOM) Shares Sold by Gries Financial LLC

Gries Financial LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,219 shares of the oil and gas company’s stock after selling 555 shares during the quarter. Gries Financial LLC’s holdings in Exxon Mobil were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of XOM. Czech National Bank increased its position in Exxon Mobil by 5.9% during the 3rd quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after purchasing an additional 50,214 shares in the last quarter. Allied Investment Advisors LLC boosted its stake in shares of Exxon Mobil by 1.3% during the 3rd quarter. Allied Investment Advisors LLC now owns 106,632 shares of the oil and gas company’s stock worth $12,499,000 after purchasing an additional 1,324 shares during the last quarter. Lwmg LLC grew its holdings in shares of Exxon Mobil by 666.0% during the third quarter. Lwmg LLC now owns 14,531 shares of the oil and gas company’s stock worth $1,703,000 after buying an additional 12,634 shares in the last quarter. Seneca House Advisors lifted its stake in shares of Exxon Mobil by 5.0% during the third quarter. Seneca House Advisors now owns 2,456 shares of the oil and gas company’s stock valued at $288,000 after buying an additional 116 shares during the period. Finally, Eclectic Associates Inc. ADV boosted its position in Exxon Mobil by 1.1% during the third quarter. Eclectic Associates Inc. ADV now owns 13,370 shares of the oil and gas company’s stock worth $1,567,000 after acquiring an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho dropped their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Piper Sandler dropped their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, BMO Capital Markets cut their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Price Performance

Shares of XOM opened at $106.82 on Friday. 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 firm 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. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The stock has a 50 day moving average of $110.36 and a 200-day moving average of $115.23.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 last year, the company posted $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.74 EPS for the current year.

Exxon Mobil Company 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.