Quotient Wealth Partners LLC Acquires 7,857 Shares of Exxon Mobil Corporation $XOM

Quotient Wealth Partners LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 630,138 shares of the oil and gas company’s stock after purchasing an additional 7,857 shares during the period. Exxon Mobil accounts for 2.0% of Quotient Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Quotient Wealth Partners LLC’s holdings in Exxon Mobil were worth $67,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of XOM. Nuveen LLC bought a new position in Exxon Mobil in the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC lifted its stake in Exxon Mobil by 15,135.7% in 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 purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $607,621,000. Ameriprise Financial Inc. lifted its stake in Exxon Mobil by 10.8% in 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 purchasing an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after purchasing an additional 2,332,293 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.20 on Monday. The firm’s fifty day moving average price is $111.83 and its 200-day moving average price is $109.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $478.35 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

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.