Red Door Wealth Management LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,835 shares of the oil and gas company’s stock after acquiring an additional 679 shares during the quarter. Red Door Wealth Management LLC’s holdings in Exxon Mobil were worth $994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspirion Wealth Advisors LLC lifted its holdings in Exxon Mobil by 8.5% during the third quarter. Inspirion Wealth Advisors LLC now owns 6,630 shares of the oil and gas company’s stock valued at $228,000 after purchasing an additional 517 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its stake in shares of Exxon Mobil by 2.1% in the third quarter. Newman Dignan & Sheerar Inc. now owns 19,550 shares of the oil and gas company’s stock worth $671,000 after purchasing an additional 406 shares in the last quarter. Ballast Inc. raised its position in shares of Exxon Mobil by 3.5% during the 3rd quarter. Ballast Inc. now owns 12,281 shares of the oil and gas company’s stock valued at $421,000 after purchasing an additional 416 shares during the period. Investors Financial Group LLC lifted its stake in shares of Exxon Mobil by 40.0% during the 3rd quarter. Investors Financial Group LLC now owns 10,753 shares of the oil and gas company’s stock valued at $369,000 after buying an additional 3,072 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Exxon Mobil by 148.8% during the 3rd quarter. Avantax Advisory Services Inc. now owns 581,226 shares of the oil and gas company’s stock valued at $19,925,000 after buying an additional 347,639 shares in the last quarter. Institutional investors own 50.90% of the company’s stock.

NYSE:XOM opened at $34.10 on Friday. The firm has a market capitalization of $144.18 billion, a PE ratio of 20.30 and a beta of 1.26. The stock’s fifty day moving average is $36.36 and its 200 day moving average is $42.03. Exxon Mobil Co. has a fifty-two week low of $30.11 and a fifty-two week high of $73.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company’s revenue was down 52.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. Equities analysts forecast that Exxon Mobil Co. will post -0.32 EPS for the current year.

XOM has been the topic of several research analyst reports. SunTrust Banks initiated coverage on Exxon Mobil in a research report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price objective on the stock. Standpoint Research raised Exxon Mobil from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Piper Sandler increased their price objective on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Credit Suisse Group assumed coverage on shares of Exxon Mobil in a report on Tuesday, August 4th. They issued a “hold” rating and a $47.00 target price on the stock. Finally, Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a research note on Friday, September 18th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.25.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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