Deane Retirement Strategies Inc. Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Deane Retirement Strategies Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,961 shares of the oil and gas company’s stock after purchasing an additional 865 shares during the period. Exxon Mobil makes up about 2.1% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 17th largest position. Deane Retirement Strategies Inc.’s holdings in Exxon Mobil were worth $4,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in XOM. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the 4th quarter worth $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the third quarter worth about $54,000. Harbor Capital Advisors Inc. purchased a new position in Exxon Mobil in the third quarter valued at about $63,000. Finally, Annapolis Financial Services LLC grew its stake in Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 567 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $106.82 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The firm has a fifty day moving average of $110.66 and a 200-day moving average of $115.29. The company has a market cap of $469.48 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current year.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday. Finally, Morgan Stanley upped their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.30.

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.