Family Asset Management LLC Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

Family Asset Management LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,648 shares of the oil and gas company’s stock after selling 379 shares during the quarter. Family Asset Management LLC’s holdings in Exxon Mobil were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Centennial Wealth Advisory LLC lifted its position in Exxon Mobil by 6.5% during the third quarter. Centennial Wealth Advisory LLC now owns 5,892 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 359 shares during the period. Maia Wealth LLC lifted its holdings in shares of Exxon Mobil by 21.5% during the 3rd quarter. Maia Wealth LLC now owns 8,276 shares of the oil and gas company’s stock valued at $990,000 after buying an additional 1,467 shares during the period. Miller Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 1.1% in the 3rd quarter. Miller Wealth Advisors LLC now owns 314,823 shares of the oil and gas company’s stock worth $37,889,000 after buying an additional 3,421 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in shares of Exxon Mobil by 11.8% in the third quarter. Harvest Portfolios Group Inc. now owns 14,767 shares of the oil and gas company’s stock worth $1,731,000 after acquiring an additional 1,558 shares during the period. Finally, Radnor Capital Management LLC increased its position in Exxon Mobil by 8.0% during the third quarter. Radnor Capital Management LLC now owns 167,144 shares of the oil and gas company’s stock valued at $19,593,000 after acquiring an additional 12,393 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $121.15 on Friday. The firm has a market cap of $477.70 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 4.96 and a beta of 0.90. The firm has a fifty day moving average price of $117.78 and a 200 day moving average price of $116.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

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.