Focus Financial Network Inc. Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Focus Financial Network Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,099 shares of the oil and gas company’s stock after selling 3,855 shares during the period. Focus Financial Network Inc.’s holdings in Exxon Mobil were worth $3,345,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Summit Trail Advisors LLC boosted its holdings in shares of Exxon Mobil by 40.1% in the fourth quarter. Summit Trail Advisors LLC now owns 68,874 shares of the oil and gas company’s stock valued at $7,409,000 after purchasing an additional 19,705 shares during the period. MADDEN SECURITIES Corp boosted its holdings in shares of Exxon Mobil by 1.3% in the fourth quarter. MADDEN SECURITIES Corp now owns 23,343 shares of the oil and gas company’s stock valued at $2,511,000 after purchasing an additional 307 shares during the period. Pineridge Advisors LLC boosted its holdings in shares of Exxon Mobil by 13.8% in the fourth quarter. Pineridge Advisors LLC now owns 3,809 shares of the oil and gas company’s stock valued at $410,000 after purchasing an additional 463 shares during the period. International Private Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil by 97.1% in the fourth quarter. International Private Wealth Advisors LLC now owns 4,175 shares of the oil and gas company’s stock valued at $449,000 after purchasing an additional 2,057 shares during the period. Finally, Arlington Trust Co LLC boosted its holdings in shares of Exxon Mobil by 14.1% in the fourth quarter. Arlington Trust Co LLC now owns 7,164 shares of the oil and gas company’s stock valued at $771,000 after purchasing an additional 884 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $108.10 on Friday. The business’s fifty day simple moving average is $109.02 and its 200-day simple moving average is $114.83. The company has a market cap of $475.10 billion, a PE ratio of 13.79, a PEG ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12-month low of $100.42 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company earned $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Scotiabank lowered their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil 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.