By otakuyassine3@gmail.com 
Quadrant Private Wealth Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,238 shares of the oil and gas company’s stock after acquiring an additional 2,311 shares during the quarter. Exxon Mobil makes up about 1.4% 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 $5,512,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Compass Financial Services Inc bought a new position in Exxon Mobil during the 4th quarter worth approximately $48,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil during the third quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the third quarter valued at approximately $54,000. 61.80% of the stock is owned by institutional investors.
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.
Exxon Mobil Trading Up 0.0 %
Shares of Exxon Mobil stock opened at $108.17 on Tuesday. Exxon Mobil Co. has a 12-month low of $100.60 and a 12-month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $108.78 and its 200-day moving average is $114.67. The stock has a market cap of $475.42 billion, a P/E ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.
Analysts Set New Price Targets
XOM has been the subject of a number of research analyst reports. Scotiabank decreased their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Bernstein Bank boosted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.
Exxon Mobil 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.
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