Ridgewood Investments LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,502 shares of the oil and gas company’s stock after selling 693 shares during the quarter. Ridgewood Investments LLC’s holdings in Exxon Mobil were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Newman Dignan & Sheerar Inc. boosted its holdings in Exxon Mobil by 2.1% during the third quarter. Newman Dignan & Sheerar Inc. now owns 19,550 shares of the oil and gas company’s stock valued at $671,000 after acquiring an additional 406 shares during the period. Ballast Inc. boosted its stake in Exxon Mobil by 3.5% during the 3rd quarter. Ballast Inc. now owns 12,281 shares of the oil and gas company’s stock valued at $421,000 after purchasing an additional 416 shares during the period. Investors Financial Group LLC grew its holdings in Exxon Mobil by 40.0% in the 3rd quarter. Investors Financial Group LLC now owns 10,753 shares of the oil and gas company’s stock valued at $369,000 after buying an additional 3,072 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Exxon Mobil by 148.8% in the 3rd quarter. Avantax Advisory Services Inc. now owns 581,226 shares of the oil and gas company’s stock worth $19,925,000 after buying an additional 347,639 shares during the period. Finally, Westside Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 98.9% during the third quarter. Westside Investment Management Inc. now owns 5,825 shares of the oil and gas company’s stock worth $96,227,000 after buying an additional 2,897 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on XOM. Scotiabank raised shares of Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 target price on the stock in a research report on Wednesday, September 23rd. Truist dropped their price objective on shares of Exxon Mobil from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Goldman Sachs Group upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and increased their target price for the company from $33.00 to $36.00 in a research note on Tuesday, October 13th. Morgan Stanley boosted their price target on Exxon Mobil from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. Finally, Royal Bank of Canada raised their price objective on Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $50.25.

Shares of XOM opened at $34.10 on Friday. The company has a market capitalization of $144.18 billion, a P/E ratio of 20.30 and a beta of 1.26. Exxon Mobil Co. has a one year low of $30.11 and a one year high of $73.12. The business’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $42.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). The business had revenue of $32.61 billion during the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post -0.32 EPS for the current fiscal year.

About Exxon Mobil

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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