First Horizon Advisors Inc. Acquires 11,373 Shares of Exxon Mobil Co. (NYSE:XOM)

First Horizon Advisors Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 293,537 shares of the oil and gas company's stock after purchasing an additional 11,373 shares during the quarter. Exxon Mobil accounts for 1.0% of First Horizon Advisors Inc.'s portfolio, making the stock its 25th biggest position. First Horizon Advisors Inc.'s holdings in Exxon Mobil were worth $34,409,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp lifted its stake in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock worth $312,000 after acquiring an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $933,000. Empowered Funds LLC increased its position in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company's stock valued at $107,591,000 after buying an additional 49,083 shares during the period. Wellington Wealth Strategies LLC. lifted its holdings in Exxon Mobil by 31.7% in the first quarter. Wellington Wealth Strategies LLC. now owns 8,232 shares of the oil and gas company's stock worth $957,000 after buying an additional 1,983 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in Exxon Mobil by 2.4% during the 1st quarter. EP Wealth Advisors LLC now owns 745,426 shares of the oil and gas company's stock valued at $86,648,000 after acquiring an additional 17,447 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded up $1.72 during trading on Wednesday, hitting $120.35. 11,352,717 shares of the stock traded hands, compared to its average volume of 16,282,997. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a 50-day simple moving average of $118.75 and a 200-day simple moving average of $116.44. The company has a market capitalization of $528.95 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Exxon Mobil's revenue was down .8% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is 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 yield of 3.29%. Exxon Mobil's dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on XOM shares. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target for the company. Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. BMO Capital Markets upped their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Finally, Redburn Atlantic reissued a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $130.21.

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.