M Holdings Securities Inc. Sells 43,065 Shares of Exxon Mobil Co. (NYSE:XOM)

M Holdings Securities Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 63.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,311 shares of the oil and gas company’s stock after selling 43,065 shares during the quarter. Exxon Mobil comprises about 0.7% of M Holdings Securities Inc.’s investment portfolio, making the stock its 29th largest holding. M Holdings Securities Inc.’s holdings in Exxon Mobil were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on XOM shares. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. TD Cowen lifted their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BNP Paribas downgraded 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, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Stock Performance

NYSE XOM opened at $121.79 on Friday. The firm has a market capitalization of $535.26 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $119.39 and its two-hundred day moving average price is $116.54. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

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, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

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.