Heron Financial Group LLC Has $687,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Heron Financial Group LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 27.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,352 shares of the oil and gas company’s stock after buying an additional 4,429 shares during the quarter. Heron Financial Group LLC’s holdings in Exxon Mobil were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XOM. Public Employees Retirement Association of Colorado lifted its holdings in shares of Exxon Mobil by 5.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 801,002 shares of the oil and gas company’s stock valued at $30,414,000 after buying an additional 44,304 shares during the last quarter. State Street Corp lifted its holdings in shares of Exxon Mobil by 2.1% during the 1st quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company’s stock valued at $7,840,960,000 after buying an additional 4,222,270 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at about $515,000. APG Asset Management N.V. lifted its holdings in shares of Exxon Mobil by 11.4% during the 1st quarter. APG Asset Management N.V. now owns 6,418,790 shares of the oil and gas company’s stock valued at $243,721,000 after buying an additional 659,412 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after purchasing an additional 3,223,089 shares during the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

A number of research analysts have recently commented on XOM shares. Cowen reiterated a “hold” rating and set a $34.00 price target on shares of Exxon Mobil in a report on Thursday, July 2nd. Piper Sandler upped their price target on Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Goldman Sachs Group upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Tuesday, October 13th. Royal Bank of Canada upped their price target on Exxon Mobil from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 3rd. Finally, Scotiabank upgraded Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target on the stock in a research report on Wednesday, September 23rd. Four equities 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 stock. The stock has an average rating of “Hold” and an average price target of $50.25.

NYSE:XOM opened at $34.10 on Friday. Exxon Mobil Co. has a 1-year low of $30.11 and a 1-year high of $73.12. The business’s 50-day moving average price is $36.36 and its two-hundred day moving average price is $42.03. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $144.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.26.

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

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.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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

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