Fifth Third Wealth Advisors LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Fifth Third Wealth Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 10.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 140,080 shares of the oil and gas company's stock after acquiring an additional 13,462 shares during the period. Exxon Mobil makes up 0.9% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 18th biggest position. Fifth Third Wealth Advisors LLC's holdings in Exxon Mobil were worth $16,660,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $32,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank decreased their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Up 0.7%

XOM traded up $0.71 during midday trading on Monday, reaching $103.01. The company's stock had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,128. The firm has a market capitalization of $443.95 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.51. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock's 50-day moving average is $106.95 and its 200-day moving average is $109.62.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil 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.