Wesbanco Bank Inc. Has $41.37 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Wesbanco Bank Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 384,572 shares of the oil and gas company’s stock after selling 7,326 shares during the quarter. Exxon Mobil accounts for about 1.4% of Wesbanco Bank Inc.’s portfolio, making the stock its 11th biggest position. Wesbanco Bank Inc.’s holdings in Exxon Mobil were worth $41,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of XOM. International Assets Investment Management LLC grew its holdings in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Franklin Resources Inc. grew its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Clearbridge Investments LLC grew its stake in Exxon Mobil by 117.5% in the 2nd quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after purchasing an additional 4,142,171 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Exxon Mobil by 168.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock worth $531,060,000 after purchasing an additional 2,842,844 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Exxon Mobil by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock worth $10,777,735,000 after buying an additional 1,622,064 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.64 on Friday. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $477.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The stock has a 50-day moving average price of $111.56 and a 200-day moving average price of $115.38.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. UBS Group dropped their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $128.84.

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.