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

FOCUS Wealth Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,257 shares of the oil and gas company’s stock after acquiring an additional 3,194 shares during the period. 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 hedge funds have also made changes to their positions in XOM. Westfuller Advisors LLC acquired a new position in Exxon Mobil in the third quarter valued at $30,000. Bare Financial Services Inc lifted its position in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth about $40,000. TruNorth Capital Management LLC boosted its stake in Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. UBS Group restated a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a report on Monday, February 2nd. TD Cowen upped their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Finally, BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a report on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $148.89.

Read Our Latest Report on Exxon Mobil

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 11,460 shares of company stock worth $1,687,854. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.5%

XOM opened at $165.22 on Wednesday. The firm has a 50 day moving average price of $147.09 and a 200 day moving average price of $127.07. The company has a market cap of $688.42 billion, a PE ratio of 24.70, a price-to-earnings-growth 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 quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share 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 firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the company posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

About Exxon Mobil

(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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