West Oak Capital LLC Has $1.74 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

West Oak Capital LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,207 shares of the oil and gas company’s stock after buying an additional 92 shares during the quarter. West Oak Capital LLC’s holdings in Exxon Mobil were worth $1,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $980,210,000. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $109.68 on Wednesday. The firm has a market capitalization of $482.05 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 4.65 and a beta of 0.91. The firm has a 50 day simple moving average of $113.12 and a 200 day simple moving average of $115.58. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 7.95 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. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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.