Quadrant Capital Group LLC Has $11.54 Million Stake in Exxon Mobil Corporation $XOM

Quadrant Capital Group LLC reduced its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,379 shares of the oil and gas company’s stock after selling 12,632 shares during the quarter. Quadrant Capital Group LLC’s holdings in Exxon Mobil were worth $11,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ipsen Advisor Group LLC lifted its stake in Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 88 shares during the last quarter. Nexus Investment Management ULC increased its stake in shares of Exxon Mobil by 1.6% in the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 89 shares during the last quarter. Sagace Wealth Management LLC raised its holdings in shares of Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares in the last quarter. Creative Capital Management Investments LLC raised its holdings in shares of Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after buying an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC lifted its position in shares of Exxon Mobil by 3.8% during the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after buying an additional 92 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $148.08 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $617.01 billion, a PE ratio of 22.13, a P/E/G ratio of 1.23 and a beta of 0.35. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $159.60. The stock has a 50-day moving average price of $140.03 and a two-hundred day moving average price of $123.88.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s payout ratio is presently 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 16,380 shares of company stock worth $2,227,734. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Bank of America raised their price objective on Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Royal Bank Of Canada lifted their price target on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Finally, UBS Group reiterated a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $143.41.

Check Out Our Latest Analysis on Exxon Mobil

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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