Oxford Wealth Group LLC Invests $1.88 Million in Exxon Mobil Co. (NYSE:XOM)

Oxford Wealth Group LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the first quarter, according to its most recent filing with the SEC. The firm acquired 16,186 shares of the oil and gas company’s stock, valued at approximately $1,881,000. Exxon Mobil comprises about 1.7% of Oxford Wealth Group LLC’s holdings, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its position in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares in the last quarter. Dupree Financial Group LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $378,000. Intact Investment Management Inc. boosted its holdings in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after acquiring an additional 47,400 shares during the period. AJOVista LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $312,000. Finally, Kinsale Capital Group Inc. boosted its holdings in Exxon Mobil by 33.0% in the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after acquiring an additional 9,657 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. Truist Financial cut their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.78.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $2.07 on Tuesday, hitting $118.17. The company’s stock had a trading volume of 12,482,578 shares, compared to its average volume of 17,518,797. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $465.95 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 4.52 and a beta of 0.91. The stock’s 50-day moving average is $113.82 and its two-hundred day moving average is $111.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.65 EPS for the current year.

About Exxon Mobil

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.