Meridian Wealth Advisors LLC Sells 2,812 Shares of Exxon Mobil Co. (NYSE:XOM)

Meridian Wealth Advisors LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 312,330 shares of the oil and gas company’s stock after selling 2,812 shares during the period. Exxon Mobil accounts for about 5.5% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. Meridian Wealth Advisors LLC’s holdings in Exxon Mobil were worth $33,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank lifted its position in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the period. Pacer Advisors Inc. lifted its position in Exxon Mobil by 4.1% during the third quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock valued at $39,306,000 after buying an additional 13,215 shares during the period. Eagle Asset Management Inc. raised its position in shares of Exxon Mobil by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 61,484 shares of the oil and gas company’s stock worth $7,446,000 after purchasing an additional 1,935 shares during the last quarter. Finally, Stonebrook Private Inc. increased its holdings in Exxon Mobil by 7.9% in the 3rd quarter. Stonebrook Private Inc. now owns 6,550 shares of the oil and gas company’s stock worth $768,000 after buying an additional 480 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays lowered their price objective on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial raised their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Exxon Mobil Trading Down 0.5 %

Shares of XOM stock opened at $115.30 on Friday. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a market cap of $500.29 billion, a P/E ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. The business has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $113.57. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.