Westside Investment Management Inc. Sells 417 Shares of Exxon Mobil Co. (NYSE:XOM)

Westside Investment Management Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,917 shares of the oil and gas company’s stock after selling 417 shares during the quarter. Westside Investment Management Inc.’s holdings in Exxon Mobil were worth $421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AXA S.A. increased its position in shares of Exxon Mobil by 18.5% during the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock worth $15,080,000 after buying an additional 20,475 shares during the period. MBB Public Markets I LLC boosted its position in Exxon Mobil by 2,165.3% during the second quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock valued at $36,694,000 after acquiring an additional 304,673 shares during the last quarter. Marathon Capital Management grew its holdings in Exxon Mobil by 4.2% during the 2nd quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Exxon Mobil by 18.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock worth $436,574,000 after acquiring an additional 593,729 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Exxon Mobil by 120.3% in the 2nd quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock valued at $338,885,000 after purchasing an additional 1,607,663 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XOM. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. BNP Paribas cut shares of 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. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, 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 report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 1.4 %

NYSE XOM opened at $108.64 on Friday. The stock has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. The business’s fifty day moving average is $111.77 and its 200-day moving average is $115.41. 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 one year low of $99.61 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during 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 company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

About Exxon Mobil

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.