FOCUS Wealth Advisors LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

FOCUS Wealth Advisors LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,257 shares of the oil and gas company’s stock after acquiring an additional 3,194 shares during the quarter. FOCUS Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,836,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XOM. Ipsen Advisor Group LLC lifted its position in shares of Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 88 shares in the last quarter. Nexus Investment Management ULC grew its holdings in Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 89 shares in the last quarter. Sagace Wealth Management LLC increased its stake in Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares during the period. Creative Capital Management Investments LLC increased its stake in Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock worth $440,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Exxon Mobil News

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Sanford C. Bernstein dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Mizuho boosted their price target on Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Wells Fargo & Company reduced their price target on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Finally, Loop Capital set a $123.00 price objective on Exxon Mobil in a research note on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $148.89.

Get Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Price Performance

Shares of XOM stock opened at $165.22 on Wednesday. The firm has a fifty day moving average of $147.09 and a two-hundred day moving average of $127.07. The firm has a market cap of $688.42 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.26 and a beta of 0.35. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $167.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.5%. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Exxon Mobil Company 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.

See Also

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

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