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

Quadrant Capital Group LLC trimmed its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.0% in the third quarter, Holdings Channel.com reports. The fund 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 hedge funds and other institutional investors also recently made changes to their positions in the stock. Westfuller Advisors LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $30,000. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC boosted its stake in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the last quarter. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after buying an additional 181 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Royal Bank Of Canada increased their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Wells Fargo & Company dropped their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. UBS Group restated a “buy” rating and set a $171.00 target price on shares of Exxon Mobil in a research report on Monday, February 2nd. Finally, Bank of America raised their target price on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.41.

Get Our Latest Report on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 16,380 shares of company stock valued at $2,227,734. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Summary

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

Exxon Mobil Stock Down 1.6%

Shares of NYSE XOM opened at $148.08 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a market cap of $617.01 billion, a PE ratio of 22.13, a P/E/G ratio of 1.23 and a beta of 0.35. The company’s fifty day simple moving average is $140.03 and its 200 day simple moving average is $123.88. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $159.60.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. 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%.

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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