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World Investment Advisors Has $36.48 Million Stake in Exxon Mobil Corporation $XOM

Exxon Mobil logo with Energy background
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Key Points

  • World Investment Advisors raised its position in Exxon Mobil by 24.8% to 303,136 shares (worth about $36.48 million), making XOM its 27th-largest holding and roughly 0.6% of the firm's portfolio.
  • Exxon Mobil recently beat quarterly EPS estimates ($1.71 vs. $1.63), has a market cap of about $688.4 billion, pays a $4.12 annual dividend (yield ~2.5%), and holds a MarketBeat consensus rating of Hold with a $148.89 target.
  • Geopolitical tensions have lifted oil prices and helped XOM reach all-time highs, supporting near-term upside, but reports of potential operational damage (cited near ~$5B revenue impact) represent a material risk to earnings.
  • MarketBeat previews top five stocks to own in May.

World Investment Advisors raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,136 shares of the oil and gas company's stock after buying an additional 60,332 shares during the quarter. Exxon Mobil comprises about 0.6% of World Investment Advisors' portfolio, making the stock its 27th largest position. World Investment Advisors' holdings in Exxon Mobil were worth $36,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Peoples Bank OH grew its position in Exxon Mobil by 0.5% in the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company's stock valued at $1,804,000 after acquiring an additional 71 shares during the last quarter. MOKAN Wealth Management Inc. grew its holdings in shares of Exxon Mobil by 1.3% during the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company's stock valued at $711,000 after purchasing an additional 77 shares during the last quarter. Field & Main Bank increased its position in Exxon Mobil by 0.3% during the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company's stock worth $2,815,000 after purchasing an additional 78 shares in the last quarter. Capstone Wealth Management LLC lifted its stake in Exxon Mobil by 3.1% in the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company's stock valued at $314,000 after purchasing an additional 79 shares during the last quarter. Finally, Birchbrook Inc. lifted its stake in Exxon Mobil by 0.8% in the 4th quarter. Birchbrook Inc. now owns 9,716 shares of the oil and gas company's stock valued at $1,169,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Zacks Research upgraded Exxon Mobil from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. UBS Group reaffirmed a "buy" rating and issued a $171.00 target price on shares of Exxon Mobil in a report on Monday, February 2nd. Citigroup lifted their price target on Exxon Mobil from $118.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, March 2nd. Mizuho boosted their price target on Exxon Mobil from $140.00 to $162.00 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. Finally, BNP Paribas Exane downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 price objective for the company. in a research note on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $148.89.

Get Our Latest Analysis on Exxon Mobil

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Up 2.5%

Shares of NYSE:XOM opened at $165.22 on Wednesday. The firm has a market cap of $688.42 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.26 and a beta of 0.35. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $167.48. The business has a fifty day simple moving average of $147.09 and a 200 day simple moving average of $127.07. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business's revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 EPS. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Exxon Mobil's dividend payout ratio is 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president owned 23,584 shares of the company's stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 11,460 shares of company stock worth $1,687,854 over the last ninety days. 0.03% of the stock is owned by company insiders.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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