Meridian Wealth Advisors LLC Buys 1,049 Shares of Exxon Mobil Corporation $XOM

Meridian Wealth Advisors LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,308 shares of the oil and gas company’s stock after acquiring an additional 1,049 shares during the quarter. Exxon Mobil comprises approximately 5.2% of Meridian Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Meridian Wealth Advisors LLC’s holdings in Exxon Mobil were worth $33,128,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New World Advisors LLC increased its holdings in shares of Exxon Mobil by 34.4% in the second quarter. New World Advisors LLC now owns 14,134 shares of the oil and gas company’s stock valued at $1,524,000 after purchasing an additional 3,620 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in Exxon Mobil by 21.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,435,215 shares of the oil and gas company’s stock worth $154,716,000 after buying an additional 253,221 shares in the last quarter. Stevens Capital Management LP bought a new position in Exxon Mobil in the 2nd quarter valued at $4,782,000. Mufg Securities Americas Inc. increased its stake in shares of Exxon Mobil by 24.0% in the 2nd quarter. Mufg Securities Americas Inc. now owns 95,522 shares of the oil and gas company’s stock valued at $10,297,000 after buying an additional 18,467 shares during the period. Finally, Evelyn Partners Investment Management Services Ltd increased its stake in shares of Exxon Mobil by 89.7% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 11,305 shares of the oil and gas company’s stock valued at $1,239,000 after buying an additional 5,346 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.08 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $493.75 billion, a P/E ratio of 16.63, a PEG ratio of 2.06 and a beta of 0.49. The business has a 50-day moving average of $114.69 and a 200-day moving average of $111.04. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities analysts anticipate 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. Stockholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XOM shares. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. UBS Group upped their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler boosted their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.