BWM Planning LLC Sells 1,658 Shares of Exxon Mobil Co. (NYSE:XOM)

BWM Planning LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,343 shares of the oil and gas company’s stock after selling 1,658 shares during the period. Exxon Mobil makes up 1.4% of BWM Planning LLC’s holdings, making the stock its 22nd biggest holding. BWM Planning LLC’s holdings in Exxon Mobil were worth $3,264,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

NYSE XOM opened at $106.82 on Friday. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. The company’s 50 day simple moving average is $110.66 and its two-hundred day simple moving average is $115.29.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 previous year, the firm earned $2.48 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.30.

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.