Fort Washington Investment Advisors Inc. OH Sells 5,645 Shares of Exxon Mobil Co. (NYSE:XOM)

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,261,473 shares of the oil and gas company’s stock after selling 5,645 shares during the quarter. Exxon Mobil accounts for about 1.6% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 11th largest position. Fort Washington Investment Advisors Inc. OH owned about 0.06% of Exxon Mobil worth $226,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $27,000. IMA Wealth Inc. boosted its position in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. boosted its position in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $49,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. UBS Group dropped their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Piper Sandler dropped their price target on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE XOM traded down $0.63 during trading on Tuesday, hitting $114.02. The stock had a trading volume of 1,933,062 shares, compared to its average volume of 18,397,801. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a market capitalization of $452.41 billion, a PE ratio of 12.90, a PEG ratio of 4.16 and a beta of 0.96. The firm has a fifty day moving average of $104.36 and a two-hundred day moving average of $105.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.04% of the stock is owned by company insiders.

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.