Merrion Investment Management Co LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Merrion Investment Management Co LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,478 shares of the oil and gas company’s stock after selling 94 shares during the period. Exxon Mobil comprises 1.0% of Merrion Investment Management Co LLC’s portfolio, making the stock its 23rd biggest holding. Merrion Investment Management Co LLC’s holdings in Exxon Mobil were worth $1,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Partnership Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $46,000. Vima LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $50,000. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $91,000. Keener Financial Planning LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $80,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XOM. Wells Fargo & Company lifted their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Scotiabank lifted their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Finally, Mizuho lifted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.12 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock’s 50 day simple moving average is $115.25 and its two-hundred day simple moving average is $109.72. The company has a market cap of $453.92 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm 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 firm earned $2.83 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil 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.