Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,071,113 shares of the oil and gas company’s stock after acquiring an additional 20,594 shares during the quarter. Exxon Mobil makes up about 0.8% of Fifth Third Bancorp’s holdings, making the stock its 27th biggest holding. Fifth Third Bancorp’s holdings in Exxon Mobil were worth $222,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. FMR LLC raised its position in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after buying an additional 395,218 shares during the period. Geode Capital Management LLC grew its stake in Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of 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. Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after purchasing an additional 949,875 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. TD Cowen lowered their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial boosted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Up 1.4 %

Shares of XOM stock opened at $110.16 on Tuesday. The firm has a market capitalization of $484.16 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The firm’s fifty day simple moving average is $111.56 and its 200 day simple moving average is $115.44. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

About Exxon Mobil

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.