Capital Investment Counsel LLC Buys 716 Shares of Exxon Mobil Co. (NYSE:XOM)

Capital Investment Counsel LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 62,806 shares of the oil and gas company’s stock after acquiring an additional 716 shares during the period. Capital Investment Counsel LLC’s holdings in Exxon Mobil were worth $6,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Signature Wealth Management Partners LLC raised its position in shares of Exxon Mobil by 16.3% in the 4th quarter. Signature Wealth Management Partners LLC now owns 7,839 shares of the oil and gas company’s stock valued at $843,000 after buying an additional 1,100 shares in the last quarter. Orca Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $3,331,000. BSW Wealth Partners raised its position in Exxon Mobil by 6.3% during the fourth quarter. BSW Wealth Partners now owns 13,728 shares of the oil and gas company’s stock valued at $1,477,000 after purchasing an additional 811 shares in the last quarter. Falcon Wealth Planning lifted its stake in Exxon Mobil by 24.0% during the fourth quarter. Falcon Wealth Planning now owns 3,699 shares of the oil and gas company’s stock worth $398,000 after purchasing an additional 717 shares during the last quarter. Finally, Aspire Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 2.8% in the 4th quarter. Aspire Capital Advisors LLC now owns 6,415 shares of the oil and gas company’s stock valued at $690,000 after purchasing an additional 173 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday. HSBC lowered their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Price Performance

XOM stock opened at $106.82 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The company’s fifty day simple moving average is $110.66 and its 200 day simple moving average is $115.29. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period in the prior year, the business posted $2.48 EPS. On average, analysts expect that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

Exxon Mobil Company 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.