Twin Peaks Wealth Advisors LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Twin Peaks Wealth Advisors LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,079 shares of the oil and gas company’s stock, valued at approximately $244,000.

Several other hedge funds have also recently modified their holdings of XOM. Golden State Equity Partners increased its position in Exxon Mobil by 11.0% in the third quarter. Golden State Equity Partners now owns 24,067 shares of the oil and gas company’s stock worth $2,821,000 after buying an additional 2,393 shares in the last quarter. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. GSB Wealth Management LLC lifted its holdings in Exxon Mobil by 4.5% during the third quarter. GSB Wealth Management LLC now owns 18,496 shares of the oil and gas company’s stock valued at $2,168,000 after purchasing an additional 789 shares in the last quarter. Adams Natural Resources Fund Inc. boosted its position in shares of Exxon Mobil by 0.8% in the third quarter. Adams Natural Resources Fund Inc. now owns 1,489,955 shares of the oil and gas company’s stock worth $174,653,000 after purchasing an additional 11,400 shares during the period. Finally, Pathway Financial Advisers LLC boosted its position in shares of Exxon Mobil by 12,865.8% in the third quarter. Pathway Financial Advisers LLC now owns 570,364 shares of the oil and gas company’s stock worth $66,858,000 after purchasing an additional 565,965 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.0 %

NYSE XOM opened at $116.71 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market cap of $460.19 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The company has a 50 day moving average price of $117.70 and a 200 day moving average price of $116.40. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week 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 earnings per share (EPS) for the quarter, beating 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 business 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 business posted $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Tuesday, October 8th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target 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.