Meixler Investment Management Ltd. Acquires 176 Shares of Exxon Mobil Co. (NYSE:XOM)

Meixler Investment Management Ltd. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,471 shares of the oil and gas company’s stock after acquiring an additional 176 shares during the period. Meixler Investment Management Ltd.’s holdings in Exxon Mobil were worth $400,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the first quarter valued at about $25,000. First Pacific Financial purchased a new position in Exxon Mobil during the 1st quarter valued at about $34,000. POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Lynx Investment Advisory purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $47,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Barclays cut their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Down 1.0 %

Shares of XOM traded down $1.16 on Wednesday, hitting $116.52. 10,711,255 shares of the stock traded hands, compared to its average volume of 16,963,654. The company has a market capitalization of $459.44 billion, a PE ratio of 14.28, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business has a 50 day simple moving average of $115.35 and a 200 day simple moving average of $114.05.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the business earned $1.94 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.