Fifth Third Bancorp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,075,735 shares of the oil and gas company's stock after purchasing an additional 4,622 shares during the period. Exxon Mobil accounts for about 0.9% of Fifth Third Bancorp's investment portfolio, making the stock its 21st biggest holding. Fifth Third Bancorp's holdings in Exxon Mobil were worth $246,867,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Beacon Capital Management LLC grew its holdings in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock worth $923,000 after acquiring an additional 93 shares in the last quarter. Altus Wealth Group LLC lifted its position in shares of Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock worth $1,090,000 after purchasing an additional 94 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in Exxon Mobil by 11.4% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock worth $99,000 after purchasing an additional 94 shares in the last quarter. WPWealth LLP increased its holdings in Exxon Mobil by 1.1% in the fourth quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock valued at $990,000 after buying an additional 96 shares during the last quarter. Finally, Financial Management Network Inc. raised its stake in Exxon Mobil by 1.2% during the fourth quarter. Financial Management Network Inc. now owns 8,441 shares of the oil and gas company's stock valued at $910,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on XOM. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley lowered their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Stock Report on XOM
Exxon Mobil Price Performance
Shares of Exxon Mobil stock traded up $2.66 during trading on Friday, reaching $112.39. The company's stock had a trading volume of 19,871,450 shares, compared to its average volume of 16,680,492. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock has a 50-day moving average price of $105.28 and a two-hundred day moving average price of $108.82. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $484.36 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.49.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. Exxon Mobil's revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil's dividend payout ratio is currently 52.52%.
Exxon Mobil Profile
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Free Report)
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.
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