Fifth Third Wealth Advisors LLC Has $12.35 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Fifth Third Wealth Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 32.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,360 shares of the oil and gas company’s stock after buying an additional 25,512 shares during the period. Exxon Mobil comprises approximately 0.8% of Fifth Third Wealth Advisors LLC’s holdings, making the stock its 19th largest holding. Fifth Third Wealth Advisors LLC’s holdings in Exxon Mobil were worth $12,350,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its holdings in Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the 2nd quarter worth $980,210,000. International Assets Investment Management LLC lifted its holdings in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors lifted its holdings in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9 %

XOM opened at $120.33 on Tuesday. The stock has a market cap of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. The stock’s 50 day moving average price is $118.59 and its 200-day moving average price is $116.42. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced 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. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. Barclays reduced their price target 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. Morgan Stanley lowered their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.