Merriman Wealth Management LLC Sells 268 Shares of Exxon Mobil Co. (NYSE:XOM)

Merriman Wealth Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,792 shares of the oil and gas company’s stock after selling 268 shares during the quarter. Merriman Wealth Management LLC’s holdings in Exxon Mobil were worth $1,127,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Patron Partners LLC boosted its stake in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after buying an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in shares of 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 acquiring an additional 1,836 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $136,000. Scarborough Advisors LLC raised its position in Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after purchasing an additional 14,030 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group lowered their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Exxon Mobil Stock Down 0.6 %

NYSE:XOM opened at $115.27 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock’s fifty day simple moving average is $115.88 and its 200-day simple moving average is $115.40. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $454.51 billion, a P/E ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its 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. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 EPS. Equities research analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.