Moors & Cabot Inc. Has $23.28 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Moors & Cabot Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,604 shares of the oil and gas company’s stock after selling 4,363 shares during the period. Exxon Mobil makes up approximately 1.2% of Moors & Cabot Inc.’s investment portfolio, making the stock its 10th biggest position. Moors & Cabot Inc.’s holdings in Exxon Mobil were worth $23,280,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. EagleClaw Capital Managment LLC lifted its position in Exxon Mobil by 2.6% during the third quarter. EagleClaw Capital Managment LLC now owns 5,910 shares of the oil and gas company’s stock valued at $693,000 after purchasing an additional 150 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Exxon Mobil by 4.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 293,537 shares of the oil and gas company’s stock worth $34,409,000 after purchasing an additional 11,373 shares during the period. Howe & Rusling Inc. grew its holdings in Exxon Mobil by 3.5% during the 3rd quarter. Howe & Rusling Inc. now owns 251,259 shares of the oil and gas company’s stock valued at $29,453,000 after purchasing an additional 8,570 shares during the last quarter. Briaud Financial Planning Inc boosted its holdings in shares of Exxon Mobil by 3.5% in the third quarter. Briaud Financial Planning Inc now owns 14,022 shares of the oil and gas company’s stock valued at $1,643,000 after purchasing an additional 475 shares during the period. Finally, Commerce Bank grew its stake in Exxon Mobil by 1.5% in the third quarter. Commerce Bank now owns 1,506,238 shares of the oil and gas company’s stock worth $176,561,000 after purchasing an additional 22,623 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded up $1.05 during trading on Wednesday, reaching $119.68. The stock had a trading volume of 485,623 shares, compared to its average volume of 16,234,703. The business has a fifty day moving average price of $118.75 and a 200-day moving average price of $116.44. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year 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. The stock has a market cap of $526.01 billion, a PE ratio of 14.77, a PEG ratio of 5.00 and a beta of 0.90.

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 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 analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 dividend yield of 3.31%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Truist Financial dropped their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Mizuho upped 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.21.

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.