16,721 ExxonMobil Corporation $XOM Shares Sold by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group reduced its ExxonMobil stake by 13.8%, selling 16,721 shares and retaining 104,145 shares valued at approximately $18.13 million. Institutional investors and hedge funds collectively own 61.8% of XOM.
• ExxonMobil shares opened at $178.14, near the company’s 12-month high of $180.26. The stock has a $738.39 billion market capitalization and pays a quarterly dividend of $1.03, or $4.12 annually.
• Recent analyst sentiment is generally positive, including a Zacks upgrade to “strong buy” and higher price targets from several firms, although ExxonMobil’s latest EPS slightly missed estimates and its elevated valuation leaves it exposed to weaker oil prices or disappointing earnings.

Quadrant Capital Group LLC cut its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,145 shares of the oil and gas company's stock after selling 16,721 shares during the quarter. Quadrant Capital Group LLC's holdings in ExxonMobil were worth $18,130,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XOM. Dimensional Fund Advisors LP increased its position in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after buying an additional 1,540,902 shares in the last quarter. Amundi increased its stake in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. GQG Partners LLC lifted its position in ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock worth $2,307,497,000 after buying an additional 10,214,420 shares during the period. Swiss National Bank lifted its position in ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock worth $2,099,783,000 after buying an additional 693,800 shares during the period. Finally, National Pension Service lifted its position in ExxonMobil by 1.8% during the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after buying an additional 166,268 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Up 0.2%

NYSE:XOM opened at $178.14 on Thursday. The business's 50-day moving average is $164.95 and its two-hundred day moving average is $154.77. The firm has a market capitalization of $738.39 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil Corporation has a 12 month low of $112.51 and a 12 month high of $180.26.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts' consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to analysts' expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the prior year, the company earned $1.64 EPS. Research analysts predict that ExxonMobil Corporation will post 12.46 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. ExxonMobil's payout ratio is 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Zacks Research upgraded ExxonMobil from a "hold" rating to a "strong-buy" rating in a report on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research note on Monday, September 21st. Weiss Ratings upgraded shares of ExxonMobil from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, September 29th. TD Cowen upped their price target on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research report on Monday, September 28th. Finally, DZ Bank lowered shares of ExxonMobil from a "buy" rating to a "hold" rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.70.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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