Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 25,131 shares of the oil and gas company’s stock after purchasing an additional 627 shares during the quarter. Ellsworth Advisors LLC’s holdings in Exxon Mobil were worth $2,703,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vertex Planning Partners LLC grew its position in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. First Heartland Consultants Inc. grew its position in Exxon Mobil by 0.9% in the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after buying an additional 87 shares during the last quarter. Latitude Advisors LLC grew its position in Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after buying an additional 88 shares during the last quarter. Longfellow Investment Management Co. LLC grew its position in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after buying an additional 88 shares during the last quarter. Finally, West Oak Capital LLC grew its position in Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after buying an additional 92 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on XOM shares. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. UBS Group lowered their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.37 on Tuesday. The firm’s 50-day moving average is $112.56 and its 200-day moving average is $115.51. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.52%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Exxon Mobil 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.