Exxon Mobil Corporation $XOM Stock Holdings Trimmed by Meridian Wealth Management LLC

Meridian Wealth Management LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 686,920 shares of the oil and gas company’s stock after selling 31,020 shares during the quarter. Exxon Mobil comprises approximately 3.0% of Meridian Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Meridian Wealth Management LLC’s holdings in Exxon Mobil were worth $77,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Capital Management LLC lifted its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in Exxon Mobil in the first quarter valued at approximately $305,000. Sivia Capital Partners LLC raised its holdings in Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the period. Impact Capital Partners LLC lifted its position in Exxon Mobil by 3.5% during the second quarter. Impact Capital Partners LLC now owns 22,052 shares of the oil and gas company’s stock valued at $2,377,000 after buying an additional 747 shares in the last quarter. Finally, Marino Stram & Associates LLC grew its stake in Exxon Mobil by 6.9% during the second quarter. Marino Stram & Associates LLC now owns 21,599 shares of the oil and gas company’s stock worth $2,328,000 after buying an additional 1,403 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $141.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $142.34. The business has a 50 day moving average price of $122.80 and a two-hundred day moving average price of $116.12. The firm has a market cap of $596.43 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the company posted $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Piper Sandler cut their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Monday, January 26th. Finally, Mizuho increased their target price on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $133.93.

Get Our Latest Report on Exxon Mobil

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Featured Stories

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

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