Meristem Family Wealth LLC Acquires 799 Shares of Exxon Mobil Co. (NYSE:XOM)

Meristem Family Wealth LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,960 shares of the oil and gas company’s stock after purchasing an additional 799 shares during the period. Meristem Family Wealth LLC’s holdings in Exxon Mobil were worth $1,062,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. TFO TDC LLC increased its holdings in Exxon Mobil by 137.4% during the first quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after buying an additional 500 shares during the last quarter. Gs Investments Inc. increased its stake in shares of Exxon Mobil by 543.5% during the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 375 shares during the last quarter. PrairieView Partners LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $37,000. Evolution Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 299.3% in the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 431 shares during the period. Finally, CBIZ Investment Advisory Services LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $40,000. 52.23% of the stock is currently owned by institutional investors.

XOM traded up $0.01 on Monday, hitting $45.48. 5,169,204 shares of the company were exchanged, compared to its average volume of 22,091,404. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 0.78. The firm has a fifty day simple moving average of $43.77 and a two-hundred day simple moving average of $55.88. The stock has a market capitalization of $192.26 billion, a PE ratio of 17.03 and a beta of 1.33. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $77.93.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post -0.78 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 annualized dividend and a yield of 7.65%. Exxon Mobil’s payout ratio is currently 154.67%.

In other Exxon Mobil news, Director William C. Weldon bought 4,591 shares of Exxon Mobil stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $43.56 per share, with a total value of $199,983.96. Following the completion of the purchase, the director now owns 30,947 shares of the company’s stock, valued at $1,348,051.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Neil W. Duffin bought 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average price of $36.41 per share, with a total value of $1,092,300.00. Following the acquisition, the vice president now owns 571,150 shares of the company’s stock, valued at $20,795,571.50. The disclosure for this purchase can be found here. In the last three months, insiders acquired 38,771 shares of company stock worth $1,493,300. Insiders own 0.05% of the company’s stock.

XOM has been the topic of a number of recent research reports. Argus cut Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 price objective on shares of Exxon Mobil in a report on Friday, May 1st. Citigroup reduced their target price on shares of Exxon Mobil from $68.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. Cowen lowered their price target on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Finally, Royal Bank of Canada reaffirmed a “sell” rating and issued a $42.00 price objective on shares of Exxon Mobil in a report on Friday, May 1st. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.65.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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