Merkkuri Wealth Advisors LLC Has $573,000 Position in Exxon Mobil Co. (NYSE:XOM)

Merkkuri Wealth Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,891 shares of the oil and gas company’s stock after buying an additional 117 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in Exxon Mobil were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Patron Partners LLC increased its stake in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after buying an additional 2,564 shares during the period. YHB Investment Advisors Inc. increased its position in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares during the period. Blair William & Co. IL increased its position in Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the period. Finally, Haverford Trust Co increased its position in Exxon Mobil by 2.8% during the 1st quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company’s stock valued at $15,738,000 after purchasing an additional 3,680 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $119.49 on Friday. The company has a market capitalization of $471.15 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business has a 50-day simple moving average of $117.54 and a two-hundred day simple moving average of $116.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 45.45%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 8th. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.