Fifth Third Wealth Advisors LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fifth Third Wealth Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,618 shares of the oil and gas company’s stock after purchasing an additional 21,258 shares during the period. Exxon Mobil accounts for 0.7% of Fifth Third Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Fifth Third Wealth Advisors LLC’s holdings in Exxon Mobil were worth $13,620,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vertex Planning Partners LLC increased its stake 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 in the last quarter. Etfidea LLC lifted its position in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after acquiring an additional 87 shares during the period. Latitude Advisors LLC grew its position in shares of Exxon Mobil by 0.7% during the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock worth $1,568,000 after purchasing an additional 88 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC raised its stake in Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after purchasing an additional 88 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XOM shares. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

XOM stock opened at $111.44 on Thursday. The stock has a market cap of $489.79 billion, a PE ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a 50-day moving average price of $113.12 and a 200 day moving average price of $115.58. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.