Exxon Mobil Corporation $XOM Position Increased by Focus Partners Wealth

Focus Partners Wealth boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,420,775 shares of the oil and gas company’s stock after purchasing an additional 284,171 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of Exxon Mobil worth $272,969,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Destination Wealth Management increased its position in Exxon Mobil by 94.6% in the third quarter. Destination Wealth Management now owns 27,062 shares of the oil and gas company’s stock worth $3,051,000 after buying an additional 13,153 shares during the period. Elevation Point Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 30.4% during the third quarter. Elevation Point Wealth Partners LLC now owns 69,216 shares of the oil and gas company’s stock valued at $7,804,000 after acquiring an additional 16,144 shares during the period. EagleClaw Capital Managment LLC grew its position in shares of Exxon Mobil by 38.8% during the third quarter. EagleClaw Capital Managment LLC now owns 9,450 shares of the oil and gas company’s stock worth $1,065,000 after acquiring an additional 2,640 shares during the last quarter. Bollard Group LLC increased its holdings in shares of Exxon Mobil by 0.5% in the 3rd quarter. Bollard Group LLC now owns 30,669 shares of the oil and gas company’s stock worth $3,458,000 after acquiring an additional 147 shares during the period. Finally, Crawford Investment Counsel Inc. increased its holdings in shares of Exxon Mobil by 28.5% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 73,787 shares of the oil and gas company’s stock worth $8,319,000 after acquiring an additional 16,354 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.8%

Exxon Mobil stock opened at $156.29 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $159.60. The stock has a market cap of $651.20 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.22 and a beta of 0.35. The company’s 50-day moving average price is $141.99 and its two-hundred day moving average price is $124.76. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler lifted their price target on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Finally, Wells Fargo & Company decreased their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $146.00.

Check Out Our Latest Analysis on Exxon Mobil

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 13,380 shares of company stock worth $1,871,484. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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