Exxon Mobil Co. (NYSE:XOM) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,854 shares of the oil and gas company’s stock after selling 51,564 shares during the period. Exxon Mobil accounts for about 1.8% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 27th largest position. Abner Herrman & Brock LLC’s holdings in Exxon Mobil were worth $14,635,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XOM. CWM LLC grew its position in shares of Exxon Mobil by 3.5% in the third quarter. CWM LLC now owns 639,429 shares of the oil and gas company’s stock valued at $74,954,000 after purchasing an additional 21,852 shares during the last quarter. Beacon Wealthcare LLC lifted its stake in Exxon Mobil by 13.6% in the 3rd quarter. Beacon Wealthcare LLC now owns 2,325 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 279 shares in the last quarter. Shearwater Capital LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $203,000. First National Corp MA ADV increased its position in Exxon Mobil by 1.3% during the third quarter. First National Corp MA ADV now owns 9,523 shares of the oil and gas company’s stock worth $1,116,000 after buying an additional 120 shares in the last quarter. Finally, Howard Financial Services LTD. raised its holdings in shares of Exxon Mobil by 7.8% in the third quarter. Howard Financial Services LTD. now owns 22,341 shares of the oil and gas company’s stock worth $2,619,000 after acquiring an additional 1,620 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. 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 research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $131.72.

Exxon Mobil Trading Up 0.0 %

Shares of XOM opened at $122.10 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a 50-day moving average price of $116.58 and a 200 day moving average price of $116.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market capitalization of $481.44 billion, a P/E ratio of 14.96, a P/E/G ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the company posted $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.11%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil Company 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.