Exxon Mobil Co. (XOM) Position Raised by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 1st quarter, Holdings Channel reports. The firm owned 135,410 shares of the oil and gas company’s stock after acquiring an additional 5,617 shares during the quarter. Exxon Mobil makes up 0.9% of Meeder Asset Management Inc.’s portfolio, making the stock its 14th biggest holding. Meeder Asset Management Inc.’s holdings in Exxon Mobil were worth $10,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Capital Management Inc. increased its position in shares of Exxon Mobil by 212.3% during the first quarter. Exchange Capital Management Inc. now owns 43,078 shares of the oil and gas company’s stock valued at $3,214,000 after acquiring an additional 29,283 shares during the last quarter. Stephens Inc. AR increased its position in shares of Exxon Mobil by 5.5% during the first quarter. Stephens Inc. AR now owns 349,491 shares of the oil and gas company’s stock valued at $26,076,000 after acquiring an additional 18,092 shares during the last quarter. Investment Partners Ltd. OH ADV increased its position in shares of Exxon Mobil by 13.1% during the first quarter. Investment Partners Ltd. OH ADV now owns 14,321 shares of the oil and gas company’s stock valued at $1,069,000 after acquiring an additional 1,658 shares during the last quarter. Hamel Associates Inc. increased its position in shares of Exxon Mobil by 1.9% during the first quarter. Hamel Associates Inc. now owns 83,560 shares of the oil and gas company’s stock valued at $6,329,000 after acquiring an additional 1,557 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $102,580,000. Hedge funds and other institutional investors own 51.86% of the company’s stock.

Shares of Exxon Mobil stock opened at $82.24 on Thursday. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $346.45 billion, a P/E ratio of 22.91, a PEG ratio of 1.22 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). Exxon Mobil had a return on equity of 8.22% and a net margin of 7.72%. The firm had revenue of $68.21 billion during the quarter, compared to analysts’ expectations of $61.49 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. equities research analysts anticipate that Exxon Mobil Co. will post 4.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 14th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $3.28 dividend on an annualized basis and a yield of 3.99%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.77. Exxon Mobil’s payout ratio is currently 91.36%.

A number of equities research analysts have weighed in on XOM shares. Bank of America set a $100.00 price target on shares of Exxon Mobil and gave the company a “buy” rating in a research report on Wednesday, March 7th. UBS Group reiterated a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil in a research report on Monday, April 23rd. Goldman Sachs Group reiterated a “neutral” rating and set a $85.00 price target on shares of Exxon Mobil in a research report on Thursday, March 8th. Royal Bank of Canada set a $90.00 price target on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Thursday, March 8th. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, March 27th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $86.87.

Exxon Mobil Profile

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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