Merriman Wealth Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 43.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,428 shares of the oil and gas company’s stock after buying an additional 8,340 shares during the quarter. Merriman Wealth Management LLC’s holdings in Exxon Mobil were worth $2,269,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of XOM. Kwmg LLC bought a new position in Exxon Mobil in the second quarter worth approximately $102,000. Clearwater Capital Advisors LLC bought a new position in Exxon Mobil in the first quarter worth approximately $122,000. Trilogy Capital Inc. bought a new position in Exxon Mobil in the first quarter worth approximately $149,000. Winfield Associates Inc. bought a new position in Exxon Mobil in the second quarter worth approximately $160,000. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the second quarter worth approximately $197,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
Shares of NYSE XOM opened at $77.64 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a market cap of $336.58 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.20 and a beta of 0.84. Exxon Mobil Co. has a 12-month low of $72.15 and a 12-month high of $89.30.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 4.84 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.22%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.
Several research analysts recently issued reports on XOM shares. Zacks Investment Research raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Monday, October 1st. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, October 17th. HSBC reissued a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil in a research note on Wednesday, September 12th. Wolfe Research raised Exxon Mobil from a “market perform” rating to an “outperform” rating in a research note on Monday, November 26th. Finally, Societe Generale set a $92.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $86.82.
In other news, insider James M. Spellings, Jr. sold 9,522 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $78.41, for a total value of $746,620.02. Following the completion of the sale, the insider now owns 249,122 shares of the company’s stock, valued at approximately $19,533,656.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,939 shares of company stock worth $3,241,095 in the last ninety days. Insiders own 0.08% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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