Petra Financial Advisors Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

Petra Financial Advisors Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 90.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,155 shares of the oil and gas company’s stock after buying an additional 1,968 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Exxon Mobil were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Price T Rowe Associates Inc. MD grew its position in shares of Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after buying an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.37.

Check Out Our Latest Report on XOM

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.98 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. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm’s fifty day simple moving average is $117.67 and its 200-day simple moving average is $116.36. The stock has a market cap of $453.35 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. Analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

About Exxon Mobil

(Free Report)

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.

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