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

Fortis Group Advisors LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,713 shares of the oil and gas company’s stock after buying an additional 11,779 shares during the period. Fortis Group Advisors LLC’s holdings in Exxon Mobil were worth $5,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $46,000. Compass Financial Services Inc bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $48,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $54,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.7 %

Shares of XOM stock opened at $112.12 on Friday. The stock has a market cap of $492.78 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a fifty day moving average price of $108.60 and a 200 day moving average price of $114.52. Exxon Mobil Co. has a one year low of $102.88 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Exxon Mobil Company 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.