Meridian Financial Partners LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Meridian Financial Partners LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,748 shares of the oil and gas company’s stock after buying an additional 219 shares during the quarter. Exxon Mobil accounts for 1.7% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 11th largest position. Meridian Financial Partners LLC’s holdings in Exxon Mobil were worth $3,200,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.44 on Thursday. The firm has a market cap of $489.79 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The business’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $115.58.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.55%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Finally, Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Company 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.