Focused Wealth Management Inc Has $2.76 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 23rd, 2023

Focused Wealth Management Inc reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,025 shares of the oil and gas company’s stock after selling 1,807 shares during the period. Focused Wealth Management Inc’s holdings in Exxon Mobil were worth $2,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the last quarter. FMR LLC lifted its stake in Exxon Mobil by 14.9% during the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after purchasing an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Exxon Mobil by 1,505.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after acquiring an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Exxon Mobil during the 3rd quarter worth $347,253,000. Finally, Legal & General Group Plc raised its position in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 2.3 %

Shares of XOM stock opened at $104.59 on Thursday. The company has a market capitalization of $425.78 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.44 and a beta of 1.09. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company’s fifty day moving average price is $111.42 and its 200-day moving average price is $106.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. HSBC increased their price target on Exxon Mobil to $111.00 in a report on Friday, December 2nd. Barclays lifted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Cowen boosted their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Finally, Argus boosted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.64.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.