SOL Capital Management CO Sells 496 Shares of Exxon Mobil Co. (NYSE:XOM)

SOL Capital Management CO trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,158 shares of the oil and gas company’s stock after selling 496 shares during the quarter. SOL Capital Management CO’s holdings in Exxon Mobil were worth $985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the third quarter valued at about $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $54,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $63,000. Finally, Annapolis Financial Services LLC grew its holdings in shares of Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. HSBC reduced their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Finally, Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Trading Down 2.5 %

Shares of Exxon Mobil stock opened at $106.82 on Monday. 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. 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 price of $110.36 and a two-hundred day moving average price of $115.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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 net margin of 9.61% and a return on equity of 14.73%. During the same quarter in the prior year, the business posted $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

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.