Meridian Management Co. Has $669,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Meridian Management Co. grew its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,755 shares of the oil and gas company’s stock after buying an additional 378 shares during the quarter. Meridian Management Co.’s holdings in Exxon Mobil were worth $669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Vima LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $50,000. Redmont Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the first quarter worth $88,000. Finally, Christopher J. Hasenberg Inc bought a new stake in shares of Exxon Mobil in the first quarter worth $91,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.21 during trading hours on Wednesday, hitting $111.15. The company had a trading volume of 1,315,722 shares, compared to its average volume of 17,931,053. The firm has a market cap of $438.27 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 4.07 and a beta of 0.91. The business has a fifty day moving average of $114.36 and a 200-day moving average of $110.31. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company earned $2.83 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 9.18 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, UBS Group upped their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Check Out Our Latest Analysis on XOM

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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