Ridgecrest Wealth Partners LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Ridgecrest Wealth Partners LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,466 shares of the oil and gas company’s stock after buying an additional 350 shares during the quarter. Exxon Mobil comprises about 1.0% of Ridgecrest Wealth Partners LLC’s investment portfolio, making the stock its 22nd biggest position. Ridgecrest Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its holdings in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil in the first quarter worth $933,000. Empowered Funds LLC raised its stake in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares during the period. Regency Capital Management Inc. DE lifted its holdings in shares of Exxon Mobil by 6.0% during the 1st quarter. Regency Capital Management Inc. DE now owns 3,520 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 200 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its position in Exxon Mobil by 29.4% during the 1st quarter. Fiduciary Family Office LLC now owns 8,020 shares of the oil and gas company’s stock worth $932,000 after purchasing an additional 1,824 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Down 0.5 %

XOM stock opened at $120.47 on Tuesday. The firm has a fifty day moving average price of $117.91 and a two-hundred day moving average price of $116.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market cap of $529.48 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 5.08 and a beta of 0.90.

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

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 47.32%.

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.