Meritage Portfolio Administration decreased its stake in Exxon Mobil Co. (NYSE:XOM – Get Score) by 43.1% through the 1st quarter, HoldingsChannel.com reviews. The fund owned 43,323 shares of the oil and fuel firm’s inventory after promoting 32,776 shares through the interval. Meritage Portfolio Administration’s holdings in Exxon Mobil have been value $3,578,00Zero as of its most up-to-date submitting with the SEC.

A lot of different hedge funds additionally not too long ago made adjustments to their positions in XOM. Guardian Wealth Administration Inc. purchased a brand new stake in shares of Exxon Mobil within the fourth quarter valued at roughly $30,000. Horan Securities Inc. purchased a brand new stake in shares of Exxon Mobil within the fourth quarter valued at roughly $31,000. West Bancorporation Inc. purchased a brand new stake in shares of Exxon Mobil within the fourth quarter valued at roughly $32,000. Nvwm LLC raised its place in shares of Exxon Mobil by 100.0% within the fourth quarter. Nvwm LLC now owns 600 shares of the oil and fuel firm’s inventory valued at $36,00Zero after buying a further 300 shares through the interval. Lastly, Core Wealth Advisors Inc. raised its place in shares of Exxon Mobil by 454.5% within the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and fuel firm’s inventory valued at $37,00Zero after buying a further 500 shares through the interval. 54.07% of the inventory is at the moment owned by institutional traders and hedge funds.

In associated information, VP Darrin L. Talley bought 2,500 shares of the corporate’s inventory in a transaction on Thursday, Could 26th. The shares have been bought at a median worth of $96.65, for a complete transaction of $241,625.00. Following the completion of the sale, the vp now immediately owns 32,510 shares within the firm, valued at roughly $3,142,091.50. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market at this hyperlink. Additionally, VP Darrin L. Talley bought 2,147 shares of the corporate’s inventory in a transaction on Tuesday, June seventh. The shares have been bought at a median worth of $102.81, for a complete transaction of $220,733.07. Following the sale, the vp now owns 30,363 shares of the corporate’s inventory, valued at $3,121,620.03. The disclosure for this sale may be discovered right here. Company insiders personal 0.04% of the corporate’s inventory.

Shares of Exxon Mobil inventory opened at $86.08 on Friday. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week excessive of $105.57. The inventory has a market capitalization of $362.62 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. The corporate has a fifty day transferring common of $91.69 and a 200-day transferring common of $82.90. The corporate has a debt-to-equity ratio of 0.24, a fast ratio of 0.76 and a present ratio of 1.07.

Exxon Mobil (NYSE:XOM – Get Score) final introduced its quarterly earnings information on Friday, April 29th. The oil and fuel firm reported $2.07 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a internet margin of 8.14% and a return on fairness of 16.97%. The enterprise had income of $90.50 billion through the quarter, in comparison with analysts’ expectations of $83.57 billion. Throughout the identical interval final yr, the corporate posted $0.65 EPS. Exxon Mobil’s income for the quarter was up 53.0% on a year-over-year foundation. On common, equities analysis analysts forecast that Exxon Mobil Co. will publish 11.2 earnings per share for the present fiscal yr.

The corporate additionally not too long ago declared a quarterly dividend, which was paid on Friday, June 10th. Traders of file on Friday, Could 13th have been issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, Could 12th. This represents a $3.52 dividend on an annualized foundation and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is at the moment 58.37%.

XOM has been the subject of a number of analysis reviews. Credit score Suisse Group raised shares of Exxon Mobil from a “impartial” ranking to an “outperform” ranking and boosted their worth goal for the corporate from $115.00 to $125.00 in a analysis report on Tuesday, June 21st. Citigroup boosted their worth goal on shares of Exxon Mobil from $80.00 to $90.00 and gave the corporate a “impartial” ranking in a analysis word on Thursday, Could 19th. Evercore ISI raised shares of Exxon Mobil from an “in-line” ranking to an “outperform” ranking and boosted their worth goal for the corporate from $88.00 to $120.00 in a analysis word on Tuesday, June seventh. They famous that the transfer was a valuation name. JPMorgan Chase & Co. set a $100.00 worth goal on shares of Exxon Mobil in a analysis word on Tuesday, March 29th. Lastly, Royal Financial institution of Canada raised shares of Exxon Mobil from a “sector carry out” ranking to an “outperform” ranking and boosted their worth goal for the corporate from $90.00 to $100.00 in a analysis word on Thursday, April 21st. Two equities analysis analysts have rated the inventory with a promote ranking, 9 have given a maintain ranking and eleven have issued a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, Exxon Mobil presently has a median ranking of “Maintain” and a consensus worth goal of $90.48.

About Exxon Mobil (Get Score)

Exxon Mobil Company explores for and produces crude oil and pure fuel in the US and internationally. It operates by Upstream, Downstream, and Chemical segments. The corporate can also be concerned within the manufacture, commerce, transport, and sale of crude oil, pure fuel, petroleum merchandise, petrochemicals, and different specialty merchandise; manufactures and sells petrochemicals, together with olefins, polyolefins, aromatics, and numerous different petrochemicals; and captures and shops carbon, hydrogen, and biofuels.

Additional Studying

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