Meeder Asset Management Inc. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Meeder Asset Management Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 83.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,157 shares of the oil and gas company's stock after selling 58,203 shares during the period. Meeder Asset Management Inc.'s holdings in Exxon Mobil were worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. WFA Asset Management Corp grew its holdings in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock valued at $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil in the first quarter worth about $933,000. Empowered Funds LLC lifted its position in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company's stock worth $107,591,000 after purchasing an additional 49,083 shares during the last quarter. Wellington Wealth Strategies LLC. boosted its holdings in shares of Exxon Mobil by 31.7% in the first quarter. Wellington Wealth Strategies LLC. now owns 8,232 shares of the oil and gas company's stock valued at $957,000 after purchasing an additional 1,983 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in Exxon Mobil by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 745,426 shares of the oil and gas company's stock worth $86,648,000 after acquiring an additional 17,447 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded up $1.72 on Wednesday, hitting $120.35. The company had a trading volume of 11,352,717 shares, compared to its average volume of 16,282,997. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $528.95 billion, a PE ratio of 14.85, a PEG ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company's fifty day moving average price is $118.75 and its 200-day moving average price is $116.44.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company posted $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target on the stock. Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Finally, Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.21.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.