Fortitude Advisory Group L.L.C. Sells 539 Shares of Exxon Mobil Co. (NYSE:XOM)

Fortitude Advisory Group L.L.C. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,617 shares of the oil and gas company’s stock after selling 539 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Exxon Mobil were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Exxon Mobil by 9,314.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after purchasing an additional 782,381 shares during the last quarter. Centaurus Financial Inc. grew its stake in Exxon Mobil by 9.2% during the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after buying an additional 3,145 shares during the last quarter. Mattson Financial Services LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at about $1,397,000. Global Wealth Strategies & Associates raised its stake in Exxon Mobil by 9.8% in the third quarter. Global Wealth Strategies & Associates now owns 2,198 shares of the oil and gas company’s stock valued at $258,000 after buying an additional 197 shares during the last quarter. Finally, Doliver Advisors LP boosted its holdings in Exxon Mobil by 0.6% in the third quarter. Doliver Advisors LP now owns 1,142,247 shares of the oil and gas company’s stock worth $133,894,000 after acquiring an additional 7,317 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. 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 research note on Monday, December 16th. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 0.7 %

XOM stock opened at $109.48 on Friday. The stock has a market capitalization of $481.18 billion, a P/E ratio of 13.63, a P/E/G ratio of 2.86 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 firm has a 50-day simple moving average of $110.91 and a 200-day simple moving average of $115.33. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share 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.