Mattern Wealth Management LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mattern Wealth Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 13.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,017 shares of the oil and gas company’s stock after selling 3,730 shares during the period. Mattern Wealth Management LLC’s holdings in Exxon Mobil were worth $2,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new position in Exxon Mobil in the 3rd quarter valued at $51,000. Highline Wealth Partners LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $54,000. Harbor Capital Advisors Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $63,000. Finally, Annapolis Financial Services LLC grew its position in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 567 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Trading Up 0.7 %

Exxon Mobil stock opened at $109.48 on Friday. The stock has a market cap of $481.18 billion, a P/E ratio of 13.63, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm’s fifty day moving average price is $110.91 and its 200-day moving average price is $115.33. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Company 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.