Exxon Mobil Corporation $XOM is Meridian Wealth Management LLC’s 5th Largest Position

Meridian Wealth Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 717,940 shares of the oil and gas company’s stock after purchasing an additional 1,172 shares during the period. Exxon Mobil comprises approximately 3.3% of Meridian Wealth Management LLC’s holdings, making the stock its 5th largest holding. Meridian Wealth Management LLC’s holdings in Exxon Mobil were worth $77,394,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the second quarter valued at $38,000. Finally, 1248 Management LLC purchased a new stake in Exxon Mobil in the first quarter worth about $40,000. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.21 on Friday. The company has a 50 day moving average price of $114.07 and a 200 day moving average price of $110.63. The firm has a market capitalization of $502.73 billion, a P/E ratio of 16.93, a PEG ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target for the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.67.

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.