Ridgewood Investments LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Ridgewood Investments LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 40.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,002 shares of the oil and gas company’s stock after acquiring an additional 1,148 shares during the quarter. Ridgewood Investments LLC’s holdings in Exxon Mobil were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares during the period. Blair William & Co. IL boosted its position in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after acquiring an additional 6,753 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE:XOM traded down $0.58 on Friday, hitting $106.35. 6,960,391 shares of the company’s stock were exchanged, compared to its average volume of 13,221,010. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a market capitalization of $467.42 billion, a PE ratio of 13.24, a P/E/G ratio of 4.65 and a beta of 0.91. The firm’s 50-day moving average is $113.66 and its 200 day moving average is $115.69.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.74.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.