Institute for Wealth Management LLC. Has $691,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Institute for Wealth Management LLC. reduced its position in Exxon Mobil Co. (NYSE:XOM) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,426 shares of the oil and gas company’s stock after selling 317 shares during the period. Institute for Wealth Management LLC.’s holdings in Exxon Mobil were worth $691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank lifted its holdings in Exxon Mobil by 5.9% during the third quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after acquiring an additional 50,214 shares in the last quarter. GAMMA Investing LLC increased its position in Exxon Mobil by 23.0% during the third 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 increased its position in Exxon Mobil by 1.3% during the third 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 boosted its holdings in shares of Exxon Mobil by 10.9% during the third quarter. WealthBridge Capital Management LLC now owns 14,209 shares of the oil and gas company’s stock worth $1,666,000 after acquiring an additional 1,396 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of Exxon Mobil by 2.3% during the third quarter. Azzad Asset Management Inc. ADV now owns 44,154 shares of the oil and gas company’s stock worth $5,176,000 after acquiring an additional 1,006 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Morgan Stanley increased their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.82 on Monday. The firm has a market capitalization of $469.48 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. The firm has a 50-day moving average price of $110.36 and a 200 day moving average price of $115.23. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34. 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 announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter last year, the business earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

Exxon Mobil 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.