Exxon Mobil Co. (XOM) Holdings Boosted by Quadrant Capital Group LLC
Quadrant Capital Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,798 shares of the oil and gas company’s stock after buying an additional 2,731 shares during the quarter. Exxon Mobil comprises about 0.9% of Quadrant Capital Group LLC’s portfolio, making the stock its 21st largest position. Quadrant Capital Group LLC’s holdings in Exxon Mobil were worth $2,446,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in XOM. Clearwater Capital Advisors LLC bought a new stake in Exxon Mobil during the 1st quarter worth approximately $122,000. Trilogy Capital Inc. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $149,000. Winfield Associates Inc. bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $160,000. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $197,000. Finally, Lesa Sroufe & Co bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $200,000. 53.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a $80.00 target price on shares of Exxon Mobil in a report on Tuesday, October 2nd. Macquarie restated a “sell” rating and issued a $70.00 price target on shares of Exxon Mobil in a research report on Thursday, August 30th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 26th. HSBC restated a “buy” rating and issued a $95.00 price target on shares of Exxon Mobil in a research report on Tuesday, November 6th. Finally, Zacks Investment Research restated a “hold” rating on shares of Exxon Mobil in a research report on Saturday, November 17th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.82.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The firm had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 4.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.13%. Exxon Mobil’s payout ratio is currently 91.36%.
In related news, VP Robert N. Schleckser sold 7,855 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.91, for a total transaction of $619,838.05. Following the completion of the transaction, the vice president now owns 207,940 shares in the company, valued at $16,408,545.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James M. Spellings, Jr. sold 9,522 shares of the stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.41, for a total transaction of $746,620.02. Following the transaction, the insider now owns 249,122 shares of the company’s stock, valued at approximately $19,533,656.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,377 shares of company stock valued at $2,626,758. 0.08% of the stock is owned by company insiders.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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