Exxon Mobil Co. (NYSE:XOM) is Stonegate Investment Group LLC’s 9th Largest Position

Stonegate Investment Group LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,023,803 shares of the oil and gas company’s stock after selling 2,515 shares during the quarter. Exxon Mobil comprises 2.9% of Stonegate Investment Group LLC’s portfolio, making the stock its 9th largest position. Stonegate Investment Group LLC’s holdings in Exxon Mobil were worth $110,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the third quarter worth $51,000. Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil in the third quarter worth $54,000. Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil during the third quarter valued at $63,000. Finally, Annapolis Financial Services LLC increased 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 valued at $90,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 0.7 %

Shares of Exxon Mobil stock opened at $109.48 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $481.18 billion, a PE ratio of 13.63, a P/E/G ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company’s fifty day simple moving average is $110.91 and its 200-day simple moving average is $115.33.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current 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.