Exxon Mobil Co. (NYSE:XOM) Shares Bought by Merewether Investment Management LP

Merewether Investment Management LP lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,351 shares of the oil and gas company's stock after purchasing an additional 86,108 shares during the period. Exxon Mobil comprises about 1.7% of Merewether Investment Management LP's portfolio, making the stock its 26th biggest holding. Merewether Investment Management LP's holdings in Exxon Mobil were worth $42,313,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of XOM. Minot DeBlois Advisors LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Exxon Mobil by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock worth $50,622,000 after buying an additional 40,472 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $120,962,000. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $1,590,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Exxon Mobil by 300.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock valued at $1,534,000 after purchasing an additional 10,697 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Argus upgraded Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Mizuho lowered their price target on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.85.

Exxon Mobil Trading Up 1.6%

Shares of XOM stock opened at $109.04 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $109.04 and a 200-day simple moving average of $111.01. The stock has a market cap of $469.90 billion, a P/E ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

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.

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