Exxon Mobil Co. (NYSE:XOM) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 156,123 shares of the oil and gas company’s stock after acquiring an additional 11,165 shares during the quarter. Exxon Mobil comprises approximately 1.0% of First Trust Direct Indexing L.P.’s portfolio, making the stock its 11th biggest holding. First Trust Direct Indexing L.P.’s holdings in Exxon Mobil were worth $18,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on XOM shares. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Truist Financial cut their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Stock Up 0.0 %

XOM stock opened at $116.71 on Friday. The company’s 50 day moving average price is $117.70 and its 200 day moving average price is $116.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $460.19 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current fiscal 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.