Atlas Private Wealth Cuts Exxon Mobil Stake to $1.4 Million

Atlas Private Wealth Advisors has reduced its stake in **Exxon Mobil Corporation** (NYSE: XOM) by **10.1%**, according to a recent disclosure to the **Securities and Exchange Commission** (SEC). The institutional investor now holds **12,993 shares** of the oil and gas giant, down from **14,446 shares** after selling **1,453 shares** during the second quarter. The value of Atlas’s holdings in Exxon Mobil stands at approximately **$1.4 million** as of the latest reporting period.

Other institutional investors have also adjusted their positions in Exxon Mobil. Notably, **Bank of New York Mellon Corp** increased its stake by **3.0%** in the first quarter, bringing its total to **45,323,453 shares**, valued at around **$5.39 billion**. Similarly, **Charles Schwab Investment Management Inc.** raised its position by **1.6%**, now owning **32,373,392 shares** worth approximately **$3.85 billion** after acquiring an additional **512,860 shares**.

**Ameriprise Financial Inc.** also expanded its holdings by **10.8%**, acquiring an additional **2,639,797 shares** to reach a total of **27,017,683 shares**, valued at about **$3.21 billion**. Meanwhile, **Amundi** increased its stake by **9.7%**, owning **26,386,120 shares** valued at **$2.97 billion**, and **Goldman Sachs Group Inc.** raised its position by **3.7%**, totaling **25,468,498 shares** worth approximately **$3.03 billion**. Currently, institutional investors hold **61.80%** of Exxon Mobil’s stock.

Analysts Provide Mixed Ratings on Exxon Mobil

Recent commentary from equity research analysts presents varied perspectives on Exxon Mobil’s stock. **UBS Group** recently raised its target price from **$143.00 to $145.00**, maintaining a “buy” rating as of **October 13, 2023**. In contrast, **Melius Research** initiated coverage with a “hold” rating and a price objective of **$111.00**.

**Mizuho** downgraded its price target from **$124.00 to $123.00**, assigning a “neutral” rating. **Morgan Stanley** increased its price target from **$134.00 to $135.00**, giving it an “overweight” rating, while **Scotiabank** reaffirmed an “outperform” rating as of **October 9, 2023**.

Currently, two analysts recommend a “strong buy,” while eight suggest a “buy” and ten assign a “hold” rating. According to data from **MarketBeat.com**, Exxon Mobil enjoys a consensus rating of “moderate buy” with a target price set at **$127.00**.

Exxon Mobil Stock Performance

On the trading front, Exxon Mobil’s stock opened at **$114.52** on **October 13, 2023**. The company’s shares have experienced a twelve-month low of **$97.80** and a high of **$123.21**. The 50-day moving average price stands at **$113.26**, while the 200-day moving average is **$109.99**. Exxon Mobil boasts a market capitalization of **$488.21 billion**, with a **P/E ratio** of **16.27** and a **P/E/G ratio** of **2.06**. The company also maintains a quick ratio of **0.88**, a current ratio of **1.25**, and a debt-to-equity ratio of **0.12**.

In its most recent earnings report, released on **June 17, 2023**, Exxon Mobil reported earnings of **$0.65** per share, with a net margin of **9.17%** and a return on equity of **11.34%**. The firm’s revenue for that quarter was **$57.55 billion**. Analysts project that Exxon Mobil will record an earnings per share (EPS) of **7.43** for the current fiscal year.

In insider trading news, **Darrin L. Talley**, Vice President of Exxon Mobil, sold **2,158 shares** on **August 22, 2023**, at an average price of **$110.45**, totaling approximately **$238,351.10**. After this transaction, Talley holds **13,829 shares**, valued at around **$1.53 million**, reflecting a **13.50%** decrease in his position. This transaction was disclosed in a legal filing available on the SEC website.

Exxon Mobil Corporation remains a major player in the exploration and production of crude oil and natural gas, operating across various segments including upstream, energy products, chemical products, and specialty products. For further insights into hedge fund holdings and insider trading, investors can visit **HoldingsChannel.com** for the latest updates on Exxon Mobil and related companies.