Meeder Asset Management Inc. Sells 58,203 Shares of Exxon Mobil Co. (NYSE:XOM)

Meeder Asset Management Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 83.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,157 shares of the oil and gas company’s stock after selling 58,203 shares during the period. Meeder Asset Management Inc.’s holdings in Exxon Mobil were worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vertex Planning Partners LLC lifted its position in Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC boosted its stake in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after purchasing an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. TD Cowen increased their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Stock Down 1.4 %

Shares of NYSE:XOM opened at $118.60 on Wednesday. The firm has a market capitalization of $521.26 billion, a P/E ratio of 14.77, a P/E/G ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a 50 day moving average price of $118.75 and a 200-day moving average price of $116.44. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.