Fortis Group Advisors LLC Has $5.56 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Fortis Group Advisors LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.5% during the 4th quarter, Holdings Channel reports. The fund owned 51,713 shares of the oil and gas company’s stock after acquiring an additional 11,779 shares during the quarter. Fortis Group Advisors LLC’s holdings in Exxon Mobil were worth $5,563,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Compass Financial Services Inc acquired a new position in Exxon Mobil during the 4th quarter worth about $48,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Piper Sandler reduced their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, BMO Capital Markets decreased their price target on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 1.7 %

XOM opened at $112.12 on Friday. The firm’s fifty day moving average is $108.60 and its two-hundred day moving average is $114.52. The firm has a market cap of $492.78 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $102.88 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company posted $2.48 EPS. Equities research analysts anticipate 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 Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.