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

Fifth Third Wealth Advisors LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,360 shares of the oil and gas company's stock after purchasing an additional 25,512 shares during the period. Exxon Mobil makes up 0.8% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 19th largest position. Fifth Third Wealth Advisors LLC's holdings in Exxon Mobil were worth $12,350,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vertex Planning Partners LLC grew its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after buying an additional 83 shares in the last quarter. Etfidea LLC grew its holdings in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after buying an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Down 1.5 %

NYSE XOM traded down $1.85 on Tuesday, reaching $118.46. The company had a trading volume of 4,938,124 shares, compared to its average volume of 16,273,606. The firm has a market cap of $520.64 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The business has a 50 day moving average of $118.59 and a two-hundred day moving average of $116.42. 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 (NYSE:XOM - Get Free Report) last issued its quarterly 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. The business had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XOM shares. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a report on Monday, August 5th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Finally, UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $130.21.

Exxon Mobil Company 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.