First Merchants Corp Purchases 22,531 Shares of Exxon Mobil Corporation $XOM

First Merchants Corp grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 63.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,006 shares of the oil and gas company’s stock after buying an additional 22,531 shares during the period. First Merchants Corp’s holdings in Exxon Mobil were worth $6,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC boosted its holdings in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after buying an additional 13,582 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new position in Exxon Mobil during the first quarter worth about $200,000. Davis Investment Partners LLC boosted its holdings in Exxon Mobil by 16.8% during the first quarter. Davis Investment Partners LLC now owns 34,527 shares of the oil and gas company’s stock worth $4,106,000 after buying an additional 4,967 shares during the last quarter. Finally, Yarger Wealth Strategies LLC raised its position in shares of Exxon Mobil by 35.1% during the first quarter. Yarger Wealth Strategies LLC now owns 3,704 shares of the oil and gas company’s stock worth $441,000 after purchasing an additional 962 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.8%

Shares of Exxon Mobil stock opened at $110.93 on Friday. The business’s 50 day simple moving average is $111.32 and its 200 day simple moving average is $109.48. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The firm has a market cap of $472.94 billion, a PE ratio of 15.76, a P/E/G ratio of 2.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday. Finally, Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

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.