Merriman Wealth Management LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 43.7% in the second quarter, Holdings Channel reports. The fund owned 27,428 shares of the oil and gas company’s stock after buying an additional 8,340 shares during the period. Merriman Wealth Management LLC’s holdings in Exxon Mobil were worth $2,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Stockman Wealth Management Inc. raised its stake in shares of Exxon Mobil by 4.6% during the 1st quarter. Stockman Wealth Management Inc. now owns 76,714 shares of the oil and gas company’s stock valued at $5,724,000 after buying an additional 3,379 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Exxon Mobil by 5.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,434,867 shares of the oil and gas company’s stock valued at $406,035,000 after buying an additional 267,222 shares during the last quarter. Hudson Capital Management LLC raised its stake in shares of Exxon Mobil by 24.4% during the 1st quarter. Hudson Capital Management LLC now owns 12,871 shares of the oil and gas company’s stock valued at $960,000 after buying an additional 2,521 shares during the last quarter. Norinchukin Bank The raised its stake in shares of Exxon Mobil by 14.1% during the 1st quarter. Norinchukin Bank The now owns 740,135 shares of the oil and gas company’s stock valued at $55,221,000 after buying an additional 91,282 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Exxon Mobil by 1.2% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 668,857 shares of the oil and gas company’s stock valued at $49,903,000 after buying an additional 8,000 shares during the last quarter. Institutional investors own 53.33% of the company’s stock.
Shares of Exxon Mobil stock opened at $77.64 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The stock has a market capitalization of $336.58 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The firm had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Exxon Mobil’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 4.84 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the sale, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David S. Rosenthal sold 7,562 shares of Exxon Mobil stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the sale, the vice president now owns 258,250 shares in the company, valued at $20,980,230. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,939 shares of company stock valued at $3,241,095. 0.08% of the stock is owned by company insiders.
A number of equities analysts have weighed in on the company. Jefferies Financial Group reiterated a “neutral” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Friday, September 28th. Macquarie reiterated a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a research note on Friday, October 19th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, August 28th. Barclays reiterated a “sell” rating and set a $87.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co reiterated a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a research note on Wednesday, September 26th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $86.82.
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About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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