Fifth Third Bancorp Purchases 20,594 Shares of Exxon Mobil Co. (NYSE:XOM)

Fifth Third Bancorp increased its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,071,113 shares of the oil and gas company's stock after buying an additional 20,594 shares during the quarter. Exxon Mobil accounts for 0.8% of Fifth Third Bancorp's portfolio, making the stock its 27th biggest holding. Fifth Third Bancorp's holdings in Exxon Mobil were worth $222,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at about $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter worth $63,000. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. UBS Group lowered their price target on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Trading Down 2.0 %

NYSE XOM traded down $2.18 during trading on Tuesday, hitting $107.99. 15,854,148 shares of the company's stock traded hands, compared to its average volume of 15,332,968. The firm has a market cap of $474.64 billion, a P/E ratio of 13.45, a PEG ratio of 2.86 and a beta of 0.91. The stock has a fifty day moving average of $111.35 and a two-hundred day moving average of $115.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The company's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.77 EPS 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 $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil's dividend payout ratio is currently 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.