World Investment Advisors Purchases 12,583 Shares of Exxon Mobil Corporation $XOM

World Investment Advisors grew its position in Exxon Mobil Corporation (NYSE:XOM) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 242,804 shares of the oil and gas company’s stock after acquiring an additional 12,583 shares during the period. World Investment Advisors’ holdings in Exxon Mobil were worth $27,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after buying an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC grew its holdings in Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after acquiring an additional 342,967 shares during the last quarter. Norges Bank acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $6,163,719,000. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after acquiring an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after purchasing an additional 1,126,912 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $119.09 on Friday. The stock has a market cap of $502.20 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 7.49 and a beta of 0.38. The stock has a 50-day moving average of $116.65 and a 200-day moving average of $113.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion during the quarter. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho upped their price objective on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Piper Sandler lifted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.