Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Exxon Mobil Co. (NYSE:XOM) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,158 shares of the oil and gas company’s stock after acquiring an additional 110,772 shares during the period. Exxon Mobil accounts for approximately 0.6% of Quantinno Capital Management LP’s portfolio, making the stock its 17th largest position. Quantinno Capital Management LP’s holdings in Exxon Mobil were worth $61,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RMR Wealth Builders raised its holdings in Exxon Mobil by 3.1% in the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock valued at $3,447,000 after acquiring an additional 960 shares during the last quarter. Bridge Creek Capital Management LLC increased its holdings in shares of Exxon Mobil by 0.8% in the 4th quarter. Bridge Creek Capital Management LLC now owns 35,246 shares of the oil and gas company’s stock valued at $3,791,000 after acquiring an additional 295 shares during the last quarter. Forza Wealth Management LLC increased its position in Exxon Mobil by 0.9% in the fourth quarter. Forza Wealth Management LLC now owns 27,061 shares of the oil and gas company’s stock worth $2,911,000 after buying an additional 233 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of Exxon Mobil by 1.3% during the fourth quarter. Harbour Capital Advisors LLC now owns 51,412 shares of the oil and gas company’s stock valued at $5,545,000 after purchasing an additional 645 shares in the last quarter. Finally, Fulcrum Capital LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $452,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Piper Sandler cut their price objective on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Finally, Scotiabank dropped their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Trading Up 0.3%

Shares of XOM stock opened at $109.45 on Wednesday. The business has a 50-day moving average of $109.08 and a 200 day moving average of $111.00. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market capitalization of $471.69 billion, a PE ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

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.