Fidelis Capital Partners LLC Acquires 513 Shares of Exxon Mobil Corporation $XOM

Fidelis Capital Partners LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,994 shares of the oil and gas company’s stock after acquiring an additional 513 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Fidelis Capital Partners LLC’s investment portfolio, making the stock its 22nd biggest holding. Fidelis Capital Partners LLC’s holdings in Exxon Mobil were worth $9,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC raised its holdings in shares of Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Exxon Mobil during the second quarter valued at about $607,621,000. Ameriprise Financial Inc. boosted its holdings in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after buying an additional 2,332,293 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 target price on the stock. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.50.

Exxon Mobil Price Performance

XOM stock opened at $117.19 on Monday. The firm has a 50 day moving average of $113.45 and a 200-day moving average of $110.30. The firm has a market capitalization of $494.19 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

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.