Meeder Advisory Services Inc. Purchases 4,853 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Meeder Advisory Services Inc. increased its holdings in Exxon Mobil Corporation by 5.4%, owning 94,372 shares worth approximately $11.22 million, making it the fund's 26th largest position.
• Exxon Mobil reported earnings of $1.76 per share for the most recent quarter, surpassing estimates, but revenue of $83.13 billion was slightly below expectations.
• The company recently declared a quarterly dividend of $0.99 per share, reflecting an annualized dividend of $3.96 and a yield of 3.55% with a payout ratio of 52.52%.

Meeder Advisory Services Inc. increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,372 shares of the oil and gas company's stock after purchasing an additional 4,853 shares during the quarter. Exxon Mobil accounts for 0.7% of Meeder Advisory Services Inc.'s holdings, making the stock its 26th biggest position. Meeder Advisory Services Inc.'s holdings in Exxon Mobil were worth $11,224,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Axis Wealth Partners LLC grew its position in Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. WPWealth LLP grew its position in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after acquiring an additional 96 shares in the last quarter. Ascent Capital Management LLC grew its position in Exxon Mobil by 2.0% in the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after acquiring an additional 96 shares in the last quarter. DDD Partners LLC grew its position in Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after acquiring an additional 96 shares in the last quarter. Finally, Clarity Asset Management Inc. grew its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock traded down $2.13 during mid-day trading on Friday, reaching $109.51. The company's stock had a trading volume of 11,733,286 shares, compared to its average volume of 16,776,945. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $471.95 billion, a P/E ratio of 14.52, a PEG ratio of 2.10 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The firm's 50-day moving average is $109.35 and its two-hundred day moving average is $109.15.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 EPS. The business's revenue was down 12.4% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler upped their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.42.

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.