Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Granite Harbor Advisors Inc.

Granite Harbor Advisors Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 24.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,785 shares of the oil and gas company’s stock after purchasing an additional 1,151 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Exxon Mobil were worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Czech National Bank lifted its holdings in Exxon Mobil by 5.9% during the 3rd quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after buying an additional 50,214 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Exxon Mobil by 23.0% during the 3rd quarter. GAMMA Investing LLC now owns 72,796 shares of the oil and gas company’s stock worth $8,533,000 after buying an additional 13,606 shares during the last quarter. Herbst Group LLC lifted its holdings in Exxon Mobil by 1.3% during the 3rd quarter. Herbst Group LLC now owns 27,059 shares of the oil and gas company’s stock worth $3,172,000 after buying an additional 350 shares during the last quarter. WealthBridge Capital Management LLC lifted its holdings in Exxon Mobil by 10.9% during the 3rd quarter. WealthBridge Capital Management LLC now owns 14,209 shares of the oil and gas company’s stock worth $1,666,000 after buying an additional 1,396 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in Exxon Mobil by 2.3% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 44,154 shares of the oil and gas company’s stock worth $5,176,000 after buying an additional 1,006 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XOM shares. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.30.

Exxon Mobil Stock Performance

XOM opened at $106.82 on Monday. The stock has a market cap of $469.48 billion, a P/E ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. 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’s 50 day simple moving average is $110.36 and its 200 day simple moving average is $115.23. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 firm posted $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current fiscal 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.