Quadrant Private Wealth Management LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

Quadrant Private Wealth Management LLC increased its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,589 shares of the oil and gas company’s stock after acquiring an additional 4,228 shares during the period. Exxon Mobil makes up 1.1% of Quadrant Private Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Quadrant Private Wealth Management LLC’s holdings in Exxon Mobil were worth $6,268,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Exxon Mobil during the first quarter worth approximately $305,000. Sivia Capital Partners LLC raised its holdings in Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after acquiring an additional 207 shares in the last quarter. Kooman & Associates lifted its position in shares of Exxon Mobil by 5.8% during the second quarter. Kooman & Associates now owns 6,128 shares of the oil and gas company’s stock worth $661,000 after purchasing an additional 336 shares during the last quarter. Finally, AM Investment Strategies LLC grew its position in shares of Exxon Mobil by 14.2% in the 2nd quarter. AM Investment Strategies LLC now owns 2,776 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 346 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Barclays boosted their price target on shares of Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho lifted their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Morgan Stanley increased their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Read Our Latest Report on Exxon Mobil

Exxon Mobil Stock Performance

NYSE XOM opened at $133.54 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $134.18. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average is $120.42 and its 200 day simple moving average is $115.11. The stock has a market cap of $563.16 billion, a P/E ratio of 19.41, a PEG ratio of 8.51 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.72 by $0.16. The business had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.Exxon Mobil’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil 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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