Exxon Mobil Corporation (NYSE:XOM) Stock Position Boosted by Meriwether Wealth & Planning LLC

Meriwether Wealth & Planning LLC raised its position in Exxon Mobil Corporation (NYSE:XOM) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,356 shares of the oil and gas company’s stock after purchasing an additional 1,377 shares during the quarter. Exxon Mobil accounts for approximately 1.7% of Meriwether Wealth & Planning LLC’s portfolio, making the stock its 10th largest holding. Meriwether Wealth & Planning LLC’s holdings in Exxon Mobil were worth $2,659,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $32,000. Compass Planning Associates Inc purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. UBS Group dropped their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Price Performance

Shares of XOM opened at $114.81 on Friday. The firm has a market cap of $494.77 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 2.26 and a beta of 0.49. The stock has a 50 day moving average of $106.56 and a 200-day moving average of $108.64. The company has a current ratio of 1.24, a quick ratio of 0.90 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 $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.45%. Exxon Mobil’s payout ratio is 52.52%.

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.