Meyer Handelman Co. Lowers Stake in Exxon Mobil Co. (NYSE:XOM)

Meyer Handelman Co. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 384,636 shares of the oil and gas company’s stock after selling 1,611 shares during the quarter. Exxon Mobil comprises about 1.4% of Meyer Handelman Co.’s portfolio, making the stock its 17th largest holding. Meyer Handelman Co.’s holdings in Exxon Mobil were worth $41,375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Massachusetts Financial Services Co. MA raised its holdings in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new stake in Exxon Mobil during the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC raised its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.6 %

Shares of XOM stock opened at $111.44 on Thursday. The company has a market capitalization of $489.79 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 4.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s fifty day moving average price is $113.12 and its 200-day moving average price is $115.58. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Mizuho cut their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.