Calamos Advisors LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 813,466 shares of the oil and gas company’s stock after selling 141,666 shares during the quarter. Calamos Advisors LLC’s holdings in Exxon Mobil were worth $27,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Reitz Capital Advisors LLC bought a new position in Exxon Mobil in the 2nd quarter worth $33,000. Capstone Financial Group Inc. increased its stake in shares of Exxon Mobil by 49.0% in the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 367 shares in the last quarter. Evolution Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 2,790.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 1,200 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $63,000. Finally, Joseph P. Lucia & Associates LLC increased its stake in shares of Exxon Mobil by 38.9% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 1,429 shares of the oil and gas company’s stock worth $64,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

Exxon Mobil stock traded down $0.91 during mid-day trading on Wednesday, hitting $31.91. The company had a trading volume of 1,569,399 shares, compared to its average volume of 28,141,938. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a 12-month low of $30.11 and a 12-month high of $73.12. The company’s fifty day moving average is $35.09 and its 200-day moving average is $41.78. The company has a market capitalization of $138.77 billion, a price-to-earnings ratio of 19.54 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.

XOM has been the subject of several research reports. Piper Sandler increased their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. SunTrust Banks started coverage on shares of Exxon Mobil in a research note on Thursday, July 23rd. They set a “hold” rating and a $41.00 price objective for the company. Truist dropped their price target 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. Royal Bank of Canada raised their price target on shares of Exxon Mobil from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, October 13th. Four investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have given a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $50.17.

Exxon Mobil Company 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.

See Also: Bond

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.