Eldridge Investment Advisors Inc. Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Eldridge Investment Advisors Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,749 shares of the oil and gas company’s stock after selling 184 shares during the period. Eldridge Investment Advisors Inc.’s holdings in Exxon Mobil were worth $1,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $46,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 3.0 %

Shares of NYSE:XOM opened at $111.98 on Friday. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The stock has a market cap of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $109.34 and a 200-day moving average price of $113.65.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm earned $2.48 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note 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 on the stock in a research report on Monday, February 3rd. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

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.