Meridian Wealth Advisors LLC decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,259 shares of the oil and gas company's stock after selling 6,071 shares during the period. Exxon Mobil comprises 6.2% of Meridian Wealth Advisors LLC's portfolio, making the stock its 3rd largest holding. Meridian Wealth Advisors LLC's holdings in Exxon Mobil were worth $36,423,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $6,936,737,000. GAMMA Investing LLC raised its position in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Franklin Resources Inc. raised its position in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Northern Trust Corp raised its position in shares of Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $240,653,000. Institutional investors own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $125.42.
Check Out Our Latest Analysis on XOM
Exxon Mobil Trading Up 0.4%
Shares of XOM stock traded up $0.44 during trading hours on Thursday, reaching $110.37. 5,469,766 shares of the stock were exchanged, compared to its average volume of 16,842,232. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company's 50-day moving average price is $108.65 and its 200-day moving average price is $108.98. The firm has a market capitalization of $475.65 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil's payout ratio is 52.52%.
About Exxon Mobil
(
Free Report)
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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