Meridian Wealth Management LLC Has $81.41 Million Stock Position in ExxonMobil Corporation $XOM

Meridian Wealth Management LLC cut its stake in ExxonMobil Corporation (NYSE:XOM) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 676,521 shares of the oil and gas company’s stock after selling 10,399 shares during the quarter. ExxonMobil accounts for 2.9% of Meridian Wealth Management LLC’s holdings, making the stock its 6th biggest position. Meridian Wealth Management LLC’s holdings in ExxonMobil were worth $81,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at about $27,000. Key Capital Management INC bought a new stake in shares of ExxonMobil in the 4th quarter valued at about $28,000. Westfuller Advisors LLC bought a new stake in shares of ExxonMobil in the 3rd quarter valued at about $30,000. Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil in the 4th quarter valued at about $32,000. Finally, DecisionPoint Financial LLC increased its stake in shares of ExxonMobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 242 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Morgan Stanley lowered their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Scotiabank upped their price target on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Mizuho boosted their price objective on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. HSBC boosted their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.95.

ExxonMobil Trading Up 3.4%

NYSE:XOM opened at $149.44 on Tuesday. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $154.96 and a two-hundred day moving average price of $136.54. The company has a market cap of $619.41 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The business’s revenue was up 2.4% on a year-over-year basis. As a group, analysts expect that ExxonMobil Corporation will post 11.45 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s dividend payout ratio is 69.48%.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares of the company’s stock, valued at $2,872,955.28. This represents a 10.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil-market disruption risks tied to Middle East conflict and supply shortages could keep crude prices elevated, which would likely support ExxonMobil’s cash flow and earnings. Fuel Shortages Could Hit This Summer and Oil Execs Say Recovery Is Months Away. 3 Stocks to Own While It Lasts.
• Positive Sentiment: Analyst discussion from Exxon’s Q1 earnings call highlighted strong operational execution, including higher production in the Permian and Guyana, helping offset geopolitical and weather-related disruptions. The 5 Most Interesting Analyst Questions From ExxonMobil’s Q1 Earnings Call
• Positive Sentiment: Reports that Exxon is weighing a potential reentry into Venezuela suggest optionality for future production growth if policy and investment conditions improve. Exxon Mobil Weighs Venezuela Reentry Against Valuation And Dividend Concerns
• Neutral Sentiment: ExxonMobil is approaching an ex-dividend date, which may appeal to income investors but is not a major fundamental catalyst on its own. Income Investors Should Know That Exxon Mobil Corporation (NYSE:XOM) Goes Ex-Dividend Soon
• Neutral Sentiment: Commentary about a potential oil-shock scenario and higher crude prices reinforces the broader bullish energy setup, but it is more macro-focused than company-specific. The Zacks Analyst Blog Micron, Exxon and RWE AG
• Negative Sentiment: Some coverage noted valuation and dividend concerns around a Venezuela reentry, suggesting investors may question whether the opportunity justifies the risks. Exxon Mobil Weighs Venezuela Reentry Against Valuation And Dividend Concerns

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.