Fort Washington Investment Advisors Inc. OH Sells 9,157 Shares of Exxon Mobil Co. (NYSE:XOM)

Fort Washington Investment Advisors Inc. OH cut its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,027,511 shares of the oil and gas company's stock after selling 9,157 shares during the quarter. Exxon Mobil accounts for 1.5% of Fort Washington Investment Advisors Inc. OH's investment portfolio, making the stock its 14th biggest holding. Fort Washington Investment Advisors Inc. OH's holdings in Exxon Mobil were worth $241,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth approximately $32,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the 4th quarter valued at $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $2.33 during mid-day trading on Friday, hitting $112.06. The company's stock had a trading volume of 28,512,903 shares, compared to its average volume of 15,687,104. The stock has a market capitalization of $482.95 billion, a P/E ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average price is $105.28 and its two-hundred day moving average price is $108.82. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results 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 business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the firm posted $2.06 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's dividend payout ratio is 52.52%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XOM. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.50.

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.