Meyer Handelman Co. Sells 3,853 Shares of Exxon Mobil Co. (NYSE:XOM)

Meyer Handelman Co. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 386,247 shares of the oil and gas company’s stock after selling 3,853 shares during the quarter. Exxon Mobil makes up approximately 1.5% of Meyer Handelman Co.’s investment portfolio, making the stock its 17th largest position. Meyer Handelman Co.’s holdings in Exxon Mobil were worth $45,276,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. Valeo Financial Advisors LLC boosted its position in Exxon Mobil by 3.4% in the third quarter. Valeo Financial Advisors LLC now owns 112,869 shares of the oil and gas company’s stock valued at $13,230,000 after buying an additional 3,743 shares in the last quarter. MADDEN SECURITIES Corp lifted its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. MADDEN SECURITIES Corp now owns 23,036 shares of the oil and gas company’s stock valued at $2,700,000 after acquiring an additional 108 shares during the last quarter. Nvest Financial LLC boosted its holdings in shares of Exxon Mobil by 4.8% during the 3rd quarter. Nvest Financial LLC now owns 4,095 shares of the oil and gas company’s stock valued at $480,000 after acquiring an additional 189 shares in the last quarter. Fermata Advisors LLC grew its position in Exxon Mobil by 10.3% during the 3rd quarter. Fermata Advisors LLC now owns 7,768 shares of the oil and gas company’s stock worth $911,000 after acquiring an additional 725 shares during the last quarter. Finally, JGP Wealth Management LLC raised its position in Exxon Mobil by 58.1% in the third quarter. JGP Wealth Management LLC now owns 16,109 shares of the oil and gas company’s stock valued at $1,888,000 after purchasing an additional 5,919 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $123.61 on Friday. The company has a market capitalization of $487.40 billion, a PE ratio of 14.79, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm’s fifty day moving average is $116.90 and its 200 day moving average is $116.32. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.07%. Exxon Mobil’s dividend payout ratio is 45.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. 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 research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Tuesday. Truist Financial decreased their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.61.

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.