Meeder Advisory Services Inc. Acquires 5,945 Shares of ExxonMobil Corporation $XOM

Meeder Advisory Services Inc. boosted its stake in ExxonMobil Corporation (NYSE:XOMFree Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,858 shares of the oil and gas company’s stock after purchasing an additional 5,945 shares during the period. ExxonMobil comprises approximately 0.9% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 23rd biggest position. Meeder Advisory Services Inc.’s holdings in ExxonMobil were worth $20,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Norges Bank bought a new stake in ExxonMobil in the fourth quarter valued at approximately $7,625,063,000. Quantum Portfolio Management LLC bought a new position in ExxonMobil during the 1st quarter worth approximately $965,932,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after purchasing an additional 2,465,410 shares during the period. Van ECK Associates Corp lifted its position in shares of ExxonMobil by 334.4% in the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after purchasing an additional 2,357,467 shares during the period. Finally, Diamant Asset Management Inc. boosted its stake in shares of ExxonMobil by 17,312.4% in the 1st quarter. Diamant Asset Management Inc. now owns 2,183,864 shares of the oil and gas company’s stock valued at $370,514,000 after purchasing an additional 2,171,322 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Price Performance

Shares of NYSE XOM opened at $156.86 on Friday. The firm’s 50-day moving average price is $145.93 and its 200-day moving average price is $147.38. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The firm has a market capitalization of $650.17 billion, a P/E ratio of 26.45, a P/E/G ratio of 0.64 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the business posted $1.76 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research 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. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XOM shares. Scotiabank lifted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Sanford C. Bernstein cut their price target on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. DZ Bank raised ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Morgan Stanley cut their target price on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.25.

Check Out Our Latest Stock Report on XOM

ExxonMobil 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

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.