Exxon Mobil Co. (NYSE:XOM) Shares Bought by Meridian Financial Partners LLC

Meridian Financial Partners LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,748 shares of the oil and gas company’s stock after purchasing an additional 219 shares during the period. Exxon Mobil comprises about 1.7% of Meridian Financial Partners LLC’s portfolio, making the stock its 11th biggest position. Meridian Financial Partners LLC’s holdings in Exxon Mobil were worth $3,200,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on XOM shares. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Price Performance

Shares of XOM opened at $111.44 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $115.58. The company has a market capitalization of $489.79 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.