Focus Partners Wealth Has $247.37 Million Holdings in Exxon Mobil Corporation $XOM

Focus Partners Wealth raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.6% in the first quarter, Holdings Channel reports. The fund owned 2,079,944 shares of the oil and gas company’s stock after acquiring an additional 92,101 shares during the period. Focus Partners Wealth’s holdings in Exxon Mobil were worth $247,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in shares of Exxon Mobil by 23.0% during the fourth quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company’s stock worth $76,362,000 after buying an additional 132,507 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Exxon Mobil by 300.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock worth $1,534,000 after buying an additional 10,697 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Exxon Mobil by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company’s stock worth $50,622,000 after buying an additional 40,472 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $939,000. Finally, Merewether Investment Management LP boosted its position in shares of Exxon Mobil by 28.0% during the fourth quarter. Merewether Investment Management LP now owns 393,351 shares of the oil and gas company’s stock worth $42,313,000 after buying an additional 86,108 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on XOM shares. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Finally, Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $125.00.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $110.58 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $110.52 and its two-hundred day moving average price is $109.11. The firm has a market capitalization of $471.43 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. On average, analysts anticipate 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 will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

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.