FormulaFolio Investments LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,812 shares of the oil and gas company’s stock after selling 482 shares during the quarter. FormulaFolio Investments LLC’s holdings in Exxon Mobil were worth $2,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Coastline Trust Co boosted its stake in Exxon Mobil by 6.1% in the 4th quarter. Coastline Trust Co now owns 26,056 shares of the oil and gas company’s stock valued at $1,818,000 after purchasing an additional 1,496 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in Exxon Mobil by 24.5% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 15,497 shares of the oil and gas company’s stock valued at $1,081,000 after purchasing an additional 3,046 shares during the period. Ridgewood Investments LLC boosted its stake in Exxon Mobil by 26.3% in the 4th quarter. Ridgewood Investments LLC now owns 6,424 shares of the oil and gas company’s stock valued at $448,000 after purchasing an additional 1,336 shares during the period. Signature Wealth Management Group boosted its stake in Exxon Mobil by 1.4% in the 4th quarter. Signature Wealth Management Group now owns 41,811 shares of the oil and gas company’s stock valued at $2,918,000 after purchasing an additional 593 shares during the period. Finally, Boenning & Scattergood Inc. boosted its stake in Exxon Mobil by 0.4% in the 4th quarter. Boenning & Scattergood Inc. now owns 118,506 shares of the oil and gas company’s stock valued at $8,269,000 after purchasing an additional 454 shares during the period. Institutional investors own 54.51% of the company’s stock.

Several research firms recently issued reports on XOM. JPMorgan Chase & Co. set a $76.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 6th. Goldman Sachs Group reduced their price target on Exxon Mobil from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Piper Jaffray Companies began coverage on Exxon Mobil in a research note on Tuesday, November 26th. They issued a “hold” rating and a $83.00 price target for the company. Berenberg Bank restated a “neutral” rating and issued a $67.00 price target on shares of Exxon Mobil in a research note on Tuesday. Finally, Bank of America upgraded Exxon Mobil to a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $78.05.

NYSE:XOM opened at $69.09 on Thursday. The stock has a fifty day moving average price of $69.50 and a 200-day moving average price of $70.74. The company has a market cap of $292.54 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. Exxon Mobil Co. has a fifty-two week low of $66.31 and a fifty-two week high of $83.49.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. Research analysts predict that Exxon Mobil Co. will post 2.42 EPS for the current fiscal year.

In other news, VP Liam M. Mallon sold 32,287 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the sale, the vice president now directly owns 211,289 shares in the company, valued at approximately $14,422,587.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David S. Rosenthal sold 9,615 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $69.51, for a total value of $668,338.65. Corporate insiders own 0.05% of the company’s stock.

Exxon Mobil Company Profile

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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