Meadow Creek Wealth Advisors LLC Buys 2,490 Shares of Exxon Mobil Corporation $XOM

Meadow Creek Wealth Advisors LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 23.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,244 shares of the oil and gas company’s stock after acquiring an additional 2,490 shares during the quarter. Exxon Mobil comprises about 1.0% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Meadow Creek Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,428,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the 1st quarter worth about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil in the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $38,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $115.78 on Friday. The firm’s 50-day moving average price is $112.41 and its 200-day moving average price is $109.38. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $493.58 billion, a PE ratio of 16.45, a PEG ratio of 2.03 and a beta of 0.51. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

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.