Aurora Private Wealth Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,006 shares of the oil and gas company’s stock after selling 7,335 shares during the quarter. Exxon Mobil comprises approximately 0.7% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 23rd largest holding. Aurora Private Wealth Inc.’s holdings in Exxon Mobil were worth $1,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. State Street Corp grew its position in Exxon Mobil by 2.1% in 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 purchasing an additional 4,222,270 shares during the period. APG Asset Management N.V. boosted its holdings in 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 worth $243,721,000 after acquiring an additional 659,412 shares during the last quarter. Morgan Stanley boosted its holdings in Exxon Mobil by 18.6% during the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after acquiring an additional 3,223,089 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in Exxon Mobil by 21.7% during the 1st quarter. 1832 Asset Management L.P. now owns 13,804 shares of the oil and gas company’s stock worth $491,000 after acquiring an additional 2,457 shares during the last quarter. Finally, Modus Advisors LLC purchased a new position in Exxon Mobil during the 2nd quarter worth $157,000. 50.90% of the stock is owned by institutional investors and hedge funds.

XOM stock traded down $0.74 during mid-day trading on Wednesday, reaching $32.08. 1,311,196 shares of the company traded hands, compared to its average volume of 28,141,938. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The company has a market capitalization of $138.77 billion, a P/E ratio of 19.54 and a beta of 1.31. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $73.12. The company has a fifty day moving average price of $35.09 and a 200-day moving average price of $41.78.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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 company had revenue of $32.61 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm’s quarterly revenue was down 52.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. As a group, analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current year.

A number of research firms have issued reports on XOM. Royal Bank of Canada lifted their price objective on shares of Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 3rd. MKM Partners began coverage on shares of Exxon Mobil in a report on Wednesday, September 9th. They set a “buy” rating and a $55.00 price objective on the stock. Scotiabank raised shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock in a report on Wednesday, September 23rd. Truist cut their price objective on shares of Exxon Mobil from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Finally, Cowen reiterated a “hold” rating and set a $34.00 target price on shares of Exxon Mobil in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.17.

About Exxon Mobil

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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