Fifth Third Wealth Advisors LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

Fifth Third Wealth Advisors LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,782 shares of the oil and gas company’s stock after purchasing an additional 6,509 shares during the quarter. Exxon Mobil makes up 0.8% of Fifth Third Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Fifth Third Wealth Advisors LLC’s holdings in Exxon Mobil were worth $21,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $30,000. Clayton Financial Group LLC purchased a new stake in Exxon Mobil during the third quarter worth approximately $40,000. TruNorth Capital Management LLC increased its position in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. Finally, Marquette Asset Management LLC increased its holdings in Exxon Mobil by 307.0% in the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 307 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 11,460 shares of company stock worth $1,687,854 in the last quarter. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $160.63 on Friday. The company has a 50-day moving average price of $152.01 and a two-hundred day moving average price of $129.50. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $176.41. The stock has a market cap of $669.31 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Royal Bank Of Canada upped their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Scotiabank raised Exxon Mobil to a “strong-buy” rating in a report on Friday, March 27th. Finally, TD Cowen lifted their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $152.39.

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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