Merit Financial Group LLC Buys 45,665 Shares of Exxon Mobil Corporation $XOM

Key Points

• Merit Financial Group LLC increased its stake in Exxon Mobil by 20.1% during Q2, acquiring an additional 45,665 shares, bringing their total holdings to 272,975 shares valued at approximately $29.4 million.
• a number of brokerages have adjusted their price targets for Exxon Mobil, with UBS Group raising its target from $130.00 to $143.00 and maintaining a "buy" rating.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.5%.

Merit Financial Group LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,975 shares of the oil and gas company's stock after acquiring an additional 45,665 shares during the quarter. Merit Financial Group LLC's holdings in Exxon Mobil were worth $29,427,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth approximately $40,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Mizuho decreased their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday. TD Cowen increased their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research report on Saturday, September 27th. Finally, UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $124.75.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.19 on Wednesday. The company has a market cap of $486.82 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $111.23 and a 200 day simple moving average of $109.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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.

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