Conservest Capital Advisors Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 53.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,114 shares of the oil and gas company’s stock after selling 8,096 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Exxon Mobil were worth $293,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Professional Financial Advisors LLC acquired a new position in Exxon Mobil in the third quarter worth approximately $34,000. Holloway Wealth Management LLC acquired a new position in Exxon Mobil in the third quarter worth approximately $38,000. BNC Wealth Management LLC acquired a new position in Exxon Mobil in the third quarter worth approximately $64,000. Bainco International Investors acquired a new position in Exxon Mobil in the fourth quarter worth approximately $83,000. Finally, Avondale Wealth Management grew its position in Exxon Mobil by 58.6% in the third quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock worth $75,000 after buying an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Several research firms have issued reports on XOM. BidaskClub upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, January 9th. Scotiabank upgraded shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target on the stock in a research report on Wednesday, September 23rd. ValuEngine upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research report on Tuesday, December 1st. The Goldman Sachs Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $52.00 in a research report on Tuesday, December 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of Exxon Mobil from $33.00 to $39.00 in a research report on Wednesday, December 9th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.96.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.07. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $48.36 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. Exxon Mobil’s quarterly revenue was down 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. As a group, analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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