Exxon Mobil Co. (NYSE:XOM) Shares Sold by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,508 shares of the oil and gas company’s stock after selling 818 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Exxon Mobil were worth $2,099,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Exxon Mobil by 9,314.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after purchasing an additional 782,381 shares during the last quarter. Centaurus Financial Inc. grew its stake in Exxon Mobil by 9.2% during the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after buying an additional 3,145 shares during the last quarter. Mattson Financial Services LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $1,397,000. Global Wealth Strategies & Associates lifted its stake in Exxon Mobil by 9.8% in the third quarter. Global Wealth Strategies & Associates now owns 2,198 shares of the oil and gas company’s stock valued at $258,000 after buying an additional 197 shares during the last quarter. Finally, Doliver Advisors LP lifted its stake in Exxon Mobil by 0.6% in the third quarter. Doliver Advisors LP now owns 1,142,247 shares of the oil and gas company’s stock valued at $133,894,000 after buying an additional 7,317 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $109.48 on Friday. The firm has a 50 day moving average of $110.91 and a 200-day moving average of $115.33. The company has a market cap of $481.18 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

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.