Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,780 shares of the oil and gas company’s stock after selling 5,389 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Exxon Mobil were worth $46,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC boosted 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 worth $43,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.0 %

XOM opened at $116.71 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market capitalization of $460.19 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The company has a fifty day moving average price of $117.70 and a 200-day moving average price of $116.40.

Exxon Mobil (NYSE:XOM) last announced 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 return on equity of 16.07% and a net margin of 9.73%. The business 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 company earned $1.94 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. Finally, UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $130.37.

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.