Focus Partners Wealth Acquires 92,101 Shares of Exxon Mobil Corporation $XOM

Key Points

• Focus Partners Wealth increased its stake in Exxon Mobil by 4.6% in Q1, owning over 2 million shares valued at approximately $247.37 million as of their latest filing.
• Analyst ratings for Exxon Mobil reflect growing confidence, with TD Cowen and UBS Group raising their price targets to $128.00 and $143.00 respectively, signaling a "buy" rating.
• Exxon Mobil announced a quarterly dividend of $0.99, representing a 3.6% yield, with the payout ratio currently at 56.25%.

Focus Partners Wealth increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,079,944 shares of the oil and gas company's stock after buying an additional 92,101 shares during the period. Focus Partners Wealth's holdings in Exxon Mobil were worth $247,368,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Nuveen LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $2,730,414,000. GQG Partners LLC boosted its holdings in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the period. Finally, Amundi boosted its holdings in shares of Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after buying an additional 2,329,964 shares during the period. Institutional investors own 61.80% of the company's stock.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

XOM traded down $0.24 on Thursday, hitting $112.26. 11,532,749 shares of the stock were exchanged, compared to its average volume of 14,239,243. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The business has a 50-day moving average of $110.55 and a two-hundred day moving average of $109.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $478.59 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the prior year, the business posted $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler boosted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and an average target price of $124.81.

Exxon Mobil Company Profile

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.