Eagle Ridge Investment Management Buys 232 Shares of Exxon Mobil Co. (NYSE:XOM)

Eagle Ridge Investment Management raised its stake in Exxon Mobil Co. (NYSE:XOM) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,775 shares of the oil and gas company’s stock after buying an additional 232 shares during the period. Eagle Ridge Investment Management’s holdings in Exxon Mobil were worth $299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. raised its holdings in shares of Exxon Mobil by 7.9% during the 4th quarter. GHP Investment Advisors Inc. now owns 64,515 shares of the oil and gas company’s stock valued at $6,940,000 after buying an additional 4,708 shares in the last quarter. Oakworth Capital Inc. grew its position in Exxon Mobil by 2.8% during the fourth quarter. Oakworth Capital Inc. now owns 32,622 shares of the oil and gas company’s stock valued at $3,509,000 after acquiring an additional 875 shares during the last quarter. Etesian Wealth Advisors Inc. raised its stake in shares of Exxon Mobil by 5.1% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 6,075 shares of the oil and gas company’s stock worth $653,000 after acquiring an additional 295 shares in the last quarter. Elm3 Financial Group LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $202,000. Finally, Financial Advocates Investment Management boosted its stake in shares of Exxon Mobil by 6.7% in the 4th quarter. Financial Advocates Investment Management now owns 34,918 shares of the oil and gas company’s stock valued at $3,756,000 after purchasing an additional 2,193 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Scotiabank lowered their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Up 0.4 %

XOM opened at $108.87 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The stock has a market cap of $478.49 billion, a PE ratio of 13.89, a PEG ratio of 2.94 and a beta of 0.89. The business has a 50 day moving average of $109.41 and a 200-day moving average of $114.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm posted $2.48 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Exxon Mobil Company Profile

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.