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

Eagle Ridge Investment Management boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,775 shares of the oil and gas company’s stock after acquiring an additional 232 shares during the quarter. 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 have also added to or reduced their stakes in XOM. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $54,000. Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil in the third quarter worth $63,000. Finally, Annapolis Financial Services LLC increased its position in Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $108.87 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $478.49 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 2.94 and a beta of 0.89. The firm has a fifty day moving average price of $109.41 and a 200 day moving average price of $114.97. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 period in the previous year, the business posted $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on XOM. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

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.