Colton Groome Financial Advisors LLC Sells 2,500 Shares of Exxon Mobil Co. (NYSE:XOM)

Colton Groome Financial Advisors LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,820 shares of the oil and gas company’s stock after selling 2,500 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Exxon Mobil were worth $411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC purchased a new position in 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 worth about $63,000. Finally, Annapolis Financial Services LLC grew its position in Exxon Mobil by 284.9% in the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 567 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on XOM shares. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.30.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $106.82 on Monday. The company has a market capitalization 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 Co. has a 52 week low of $100.42 and a 52 week high of $126.34. 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 50 day moving average of $110.36 and a 200 day moving average of $115.23.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

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.