Exxon Mobil Co. (NYSE:XOM) is Meridian Wealth Advisors LLC's 3rd Largest Position

Meridian Wealth Advisors LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,330 shares of the oil and gas company's stock after selling 2,812 shares during the period. Exxon Mobil comprises about 5.5% of Meridian Wealth Advisors LLC's holdings, making the stock its 3rd largest holding. Meridian Wealth Advisors LLC's holdings in Exxon Mobil were worth $33,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Rockline Wealth Management LLC increased its position in shares of Exxon Mobil by 6.1% in the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock valued at $2,788,000 after acquiring an additional 1,498 shares during the period. Renasant Bank grew its stake in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares during the last quarter. Helen Stephens Group LLC increased its holdings in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock valued at $4,479,000 after purchasing an additional 2,825 shares during the period. Brooklyn Investment Group raised its position in Exxon Mobil by 36.8% during the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock valued at $2,945,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in Exxon Mobil by 41.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company's stock worth $8,942,000 after buying an additional 22,296 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 0.4 %

XOM stock traded up $0.50 during trading on Tuesday, hitting $116.30. 5,102,939 shares of the stock traded hands, compared to its average volume of 14,959,556. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $504.65 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The firm's 50 day moving average is $110.22 and its two-hundred day moving average is $113.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm posted $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.15.

About Exxon Mobil

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.