Ridgewood Investments LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,424 shares of the oil and gas company’s stock after buying an additional 1,336 shares during the period. Ridgewood Investments LLC’s holdings in Exxon Mobil were worth $448,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XOM. Marquette Asset Management LLC lifted its holdings in Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. Arlington Partners LLC acquired a new stake in Exxon Mobil in the third quarter valued at $45,000. Quantum Capital Management acquired a new stake in Exxon Mobil in the third quarter valued at $48,000. KCS Wealth Advisory acquired a new stake in Exxon Mobil in the third quarter valued at $62,000. Finally, Bourgeon Capital Management LLC acquired a new stake in Exxon Mobil in the third quarter valued at $69,000. Hedge funds and other institutional investors own 54.51% of the company’s stock.
In related news, VP Liam M. Mallon sold 32,287 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the completion of the transaction, the vice president now owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David S. Rosenthal sold 9,615 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total transaction of $668,338.65. Insiders own 0.05% of the company’s stock.
A number of research firms have commented on XOM. Credit Suisse Group reissued a “neutral” rating and issued a $70.00 target price on shares of Exxon Mobil in a report on Thursday, January 9th. Piper Jaffray Companies began coverage on Exxon Mobil in a report on Tuesday, November 26th. They issued a “hold” rating and a $83.00 target price for the company. Berenberg Bank reissued a “neutral” rating and issued a $67.00 target price on shares of Exxon Mobil in a report on Tuesday. Jefferies Financial Group reissued a “neutral” rating and issued a $76.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Bank of America raised Exxon Mobil to a “buy” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.05.
NYSE:XOM opened at $69.09 on Thursday. The company has a market capitalization of $292.54 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52-week low of $66.31 and a 52-week high of $83.49. The stock has a fifty day simple moving average of $69.50 and a 200-day simple moving average of $70.74.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 2.42 earnings per share for the current year.
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.
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