Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Meridian Management Co.

Meridian Management Co. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,755 shares of the oil and gas company’s stock after purchasing an additional 378 shares during the period. Meridian Management Co.’s holdings in Exxon Mobil were worth $669,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XOM. First Pacific Financial acquired a new position in Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. HSBC upped their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday. Wells Fargo & Company upped their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Mizuho upped their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $134.41.

Insider Activity

In other 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 sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.2 %

NYSE:XOM traded up $0.21 on Wednesday, reaching $111.15. The stock had a trading volume of 1,315,722 shares, compared to its average volume of 17,931,053. The stock has a market cap of $438.27 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91. The company has a 50-day moving average of $114.36 and a 200 day moving average of $110.31. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 EPS. On average, research analysts predict that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

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.