Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 48.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,987,843 shares of the oil and gas company’s stock after purchasing an additional 646,338 shares during the quarter. Focus Partners Wealth’s holdings in Exxon Mobil were worth $223,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the 4th quarter worth $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the 4th quarter worth about $47,000. Finally, Synergy Investment Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho reduced their price objective on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Exxon Mobil Trading Up 1.2 %

Shares of NYSE:XOM opened at $107.38 on Friday. The firm has a market capitalization of $464.45 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The business’s 50 day moving average price is $108.97 and its 200-day moving average price is $111.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

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.