QRG Capital Management Inc. Has $87.66 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

QRG Capital Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 737,086 shares of the oil and gas company's stock after purchasing an additional 3,235 shares during the period. Exxon Mobil comprises 0.9% of QRG Capital Management Inc.'s holdings, making the stock its 16th largest position. QRG Capital Management Inc.'s holdings in Exxon Mobil were worth $87,662,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Sentry LLC lifted its stake in Exxon Mobil by 5.1% in the 1st quarter. Sentry LLC now owns 48,700 shares of the oil and gas company's stock valued at $5,792,000 after purchasing an additional 2,376 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in Exxon Mobil by 22.8% in the 1st quarter. Sagespring Wealth Partners LLC now owns 56,348 shares of the oil and gas company's stock valued at $6,701,000 after purchasing an additional 10,468 shares during the last quarter. Precedent Wealth Partners LLC lifted its stake in Exxon Mobil by 120.8% in the 1st quarter. Precedent Wealth Partners LLC now owns 48,773 shares of the oil and gas company's stock valued at $5,801,000 after purchasing an additional 26,679 shares during the last quarter. Great Lakes Retirement Inc. lifted its stake in Exxon Mobil by 6.8% in the 1st quarter. Great Lakes Retirement Inc. now owns 14,210 shares of the oil and gas company's stock valued at $1,690,000 after purchasing an additional 903 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC lifted its stake in Exxon Mobil by 3.1% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 4,537 shares of the oil and gas company's stock valued at $540,000 after purchasing an additional 138 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Up 0.3%

Shares of XOM opened at $112.48 on Tuesday. The firm's 50 day moving average is $105.75 and its 200-day moving average is $108.62. The stock has a market capitalization of $484.73 billion, a PE ratio of 14.35, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.52%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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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