Nicholas Hoffman & Company LLC. Sells 521 Shares of Exxon Mobil Co. (NYSE:XOM)

Nicholas Hoffman & Company LLC. reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,358 shares of the oil and gas company’s stock after selling 521 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Exxon Mobil were worth $4,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lodestar Private Asset Management LLC raised its stake in shares of Exxon Mobil by 1.1% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 9,919 shares of the oil and gas company’s stock worth $1,163,000 after purchasing an additional 108 shares during the period. Fidelis Capital Partners LLC increased its holdings in Exxon Mobil by 2.0% during the third quarter. Fidelis Capital Partners LLC now owns 77,095 shares of the oil and gas company’s stock worth $9,272,000 after buying an additional 1,548 shares during the last quarter. Valmark Advisers Inc. increased its holdings in Exxon Mobil by 2.9% during the third quarter. Valmark Advisers Inc. now owns 53,996 shares of the oil and gas company’s stock worth $6,329,000 after buying an additional 1,533 shares during the last quarter. Tyche Wealth Partners LLC raised its position in Exxon Mobil by 0.7% in the third quarter. Tyche Wealth Partners LLC now owns 141,714 shares of the oil and gas company’s stock worth $16,612,000 after acquiring an additional 976 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its stake in Exxon Mobil by 1.4% in the third quarter. Farmers & Merchants Investments Inc. now owns 276,117 shares of the oil and gas company’s stock valued at $32,366,000 after acquiring an additional 3,691 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus 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 is $117.70 and its 200 day moving average is $116.40. The stock has a market cap of $460.19 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS 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 quarter in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict 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.