Meeder Advisory Services Inc. Increases Stock Position in ExxonMobil Corporation $XOM

Meeder Advisory Services Inc. increased its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,858 shares of the oil and gas company’s stock after purchasing an additional 5,945 shares during the period. ExxonMobil makes up 0.9% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 23rd largest holding. Meeder Advisory Services Inc.’s holdings in ExxonMobil were worth $20,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its holdings in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares during the period. Assetmark Inc. lifted its holdings in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after acquiring an additional 37,666 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares during the period. Clear Trail Advisors LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth approximately $28,728,000. Finally, Midwest Trust Co increased its stake in ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after acquiring an additional 26,411 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

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ExxonMobil Stock Up 1.6%

Shares of XOM opened at $156.86 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a market capitalization of $650.17 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.64 and a beta of 0.17. The stock has a fifty day moving average of $145.93 and a 200-day moving average of $147.38.

ExxonMobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.28 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Analysts Set New Price Targets

Several research analysts have commented on XOM shares. Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group lifted their price target on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Piper Sandler began coverage on ExxonMobil in a research report on Thursday. They set a “neutral” rating and a $158.00 price objective for the company. Finally, Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.25.

Get Our Latest Analysis on XOM

ExxonMobil Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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